The 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. The equilibrium dollar price of libras is
A)$5.
B)$4.
C)$3.
D)$2.

Question

The 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. The equilibrium dollar price of libras is
A)$5. 
B)$4. 
C)$3. 
D)$2.

Quizplus · Accepted Answer

The Answer of  The 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. The equilibrium dollar price of libras is
A)$5. 
B)$4. 
C)$3. 
D)$2.

The Table Indicates the Dollar Price of Libras, the Currency