Suppose hockey skates sell in Canada for 114 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) $65.56
B) $87.42
C) $89.03
D) $101.18
E) $80.94
Correct Answer:
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