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Suppose hockey skates sell in canada for 165 canadian

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Suppose hockey skates sell in Canada for 165 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?

a) $94.89
b) $99.58
c) $113.64
d) $131.21
e) $117.15

Reference no: EM13575269

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