If the Price of Chicken Wings in Notrealia Was 12

question 29

Multiple Choice

If the price of chicken wings in Notrealia was 12 francs per kilogram, but they cost 1 lira per kilogram in Madeupistan, the long run equilibrium exchange rate would be

• A)12 francs per lira.
• B) 0.83 francs per lira
• C)11 francs per lira.
• D) 0.91 francs per lira
• E) 12 Francs per lira.