The following table shows the price,in Canadian dollars,of utops,the currency used in the hypothetical economy of Utopia.Assume that a system of flexible exchange rates is in place.

-Refer to the information above to answer this question.What is the equilibrium exchange rate?
A) 1 utop for one dollar.
B) 2 utops for one dollar.
C) 0.50 Canadian dollars for one utop.
D) 2 Canadian dollars for one utop.
Correct Answer:
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Q33: The following table shows the price,in Canadian
Q34: Q35: The supply of Canadian dollars on foreign Q36: Suppose that,under a system of flexible exchange Q37: How could one describe the international demand![]()
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