Answer the next question on the basis of the following table,which indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of freely floating exchange rates is in place.
The equilibrium dollar price of libras is:
A) $5.
B) $4.
C) $3.
D) $2.
Equilibrium occurs where quantity demanded = quantity supplied.
Correct Answer:
Verified
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