Suppose hockey skates sell in Canada for 113 Canadian dollars,and 1 Canadian dollar equals 0.71 U.S.dollar.If purchasing power parity (PPP) holds,what is the price of hockey skates in the United States?
A) $60.17
B) $90.66
C) $82.64
D) $93.07
E) $80.23
Correct Answer:
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