If the Dollar/pound Exchange Rate Is $2/£,a Big Mac Costs

Multiple Choice

If the dollar/pound exchange rate is $2/£,a Big Mac costs $5 in New York City and costs £2 in London,the pound is ________,and U.S.tourists will be ________.

A) overvalued; better off in London
B) overvalued; better off in New York
C) undervalued; better off in London
D) undervalued; better off in New York