Solution-A compact disc costs 15 in the united states if

A compact disc costs 15 in the united states if purchasing

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In the spot market 7.8 Mexican pesos can be exchanged for 1 U.S. dollar. A compact disc costs $15 in the United States. If purchasing power parity holds, what should be the price of the same disc in Mexico?

Reference no: EM13570550

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A compact disc costs 15 in the united states if purchasing

Reference no: EM13570550

Reference no: EM13570550

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