Let P denote the price of goods in the United States,
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price,

Question

Let P denote the price of goods in the United States,  
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price,

Quizplus · Accepted Answer

The Answer of Let P denote the price of goods in the United States,  
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price,

Let P Denote the Price of Goods in the United