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A Product Sells for $7,500 in Canada

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A product sells for $7,500 in Canada.The exchange rate is $1USD:$1.33CAD.If the law of one price holds,what is the price of the product in United States?


Definitions:

Driving Patterns

The behaviors and habits of drivers, including speed, routes taken, and times of travel, which can impact fuel consumption, traffic flow, and road safety.

Safety Equipment

Tools and devices designed to protect individuals from injury or harm, especially in workplaces.

Expected Loss

The anticipated amount of loss a party might suffer in an investment or venture, taking into account the likelihood of various outcomes.

Probability

The likelihood of a particular event happening.

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