If a bottle of rare french wine sells for 40 euros in paris
If a bottle of rare French wine sells for 40 euros in Paris and the exchange rate is 0.9 euros/dollar, how much will the bottle of wine sell for in New York City?
Assume purchasing power parity holds.
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if a bottle of rare french wine sells for 40 euros in paris and the exchange rate is 09 eurosdollar how much will the
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