The following table shows the price, in Canadian dollars, of utops, the currency used in the hypothetical economy ofUtopia. Assume that a system of flexible exchange rates is in place.Price of utopsQuantity of utops(in $ Canadian)supplied$1650270037504800Quantity of utopsdemanded800700600500Refer to the information above to answer this question. What is the equilibrium exchange rate? Refer to the information above to answer this question. What is the equilibrium rate of exchange of the utop?Multiple Choice

The equilibrium exchange rate is the point where the quantity demanded and the quantity supplied…

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Refer to the information above to answer this question. What is the equilibrium rate of exchange of the utop?

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Chapter1: Making Economics Decisions

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Question

The following table shows the price, in Canadian dollars, of utops, the currency used in the hypothetical economy of
Utopia. Assume that a system of flexible exchange rates is in place.
Price of utopsQuantity of utops
(in $ Canadian)supplied
$1650
2700
3750
4800
Quantity of utops
demanded
800
700
600
500
Refer to the information above to answer this question. What is the equilibrium exchange rate?

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