Suppose that an Xbox One X costs $150 in the United States and £75 in Great Britain.Suppose the exchange rate is $US1 = £1.Does purchasing power parity suggest that the dollar should appreciate or depreciate against the pound? What will happen if consumers in Great Britain like the Xbox One X less than US consumers?
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Question

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The Answer of Suppose that an Xbox One X costs $150 in the United States and £75 in Great Britain.Suppose the exchange rate is $US1 = £1.Does purchasing power parity suggest that the dollar should appreciate or depreciate against the pound? What will happen if consumers in Great Britain like the Xbox One X less than US consumers?
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Suppose That an Xbox One X Costs $150 in the United