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The Following Table Indicates the Dollar Price of Libras,the Currency

question 42

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The following table indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.
The following table indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.    -Refer to the above table.The equilibrium dollar price of libras is: A)  $5 B)  $4 C)  $3 D)  indeterminate.
-Refer to the above table.The equilibrium dollar price of libras is:


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