What is the price of hockey skates in the united states

Reference no: EM13305413

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: EM13305413

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