Question: A camera costs $87.50 in the U.S. If absolute purchasing power parity exists, what will the same camera cost in Japan if the indirect quote

A camera costs $87.50 in the U.S. If absolute purchasing power parity exists, what will the same camera cost in Japan if the indirect quote is 104.76? JPY9,166.50 JPY9,328.20 JPY9,565.00 JPY9,778.50 JPY9,941.80

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