The price of a ton of coal is 70AUD in Queensland and the nominal exchange rate with the Indian Rupee is 50rupee/AUD. If the law of one price for coal holds, what is the price of a ton of coal in India? Group of answer choices 0.11 rupees There is not enough information to calculate the price of coal in India 3500 rupees 1.4 AUD

The price of a ton of coal is 70AUD in Queensland and the nominal exchange rate with the Indian Rupee is 50rupee/AUD. If the law of one price for coal holds, what is the price of a ton of coal in India? Group of answer choices 0.11 rupees There is not enough information to calculate the price of coal in India 3500 rupees 1.4 AUD

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 5QR

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