The following table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place. Refer to the above table.The equilibrium dollar price of libras is:
A)$5
B)$4
C)$3
D)indeterminate.

Question

The following table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.  Refer to the above table.The equilibrium dollar price of libras is:
A)$5 
B)$4 
C)$3 
D)indeterminate.

Quizplus · Accepted Answer

The Answer of The following table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.  Refer to the above table.The equilibrium dollar price of libras is:
A)$5 
B)$4 
C)$3 
D)indeterminate.

The Following Table Indicates the Dollar Price of Libras, the Currency