The Figure Below Shows the Demand (D) and Supply (S)

question 79

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-If the price of an ounce of gold is 200 ZARs in South Africa and $75 in Canada, what will be the South African Rand (ZAR) per Canadian dollar (C$) exchange rate?

• A)C$1 = 4.25 ZAR
• B)C$1 = 1.75 ZAR
• C)C$1 = 2 ZAR
• D)C$1 = 2.67 ZAR
• E)C$1 = 4 ZAR

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