The Exchange Rate Between the British Pound and the Dollar

Multiple Choice

The exchange rate between the British pound and the dollar is ≤ 1 = $1.50 and a jacket that retails for $75 in New York sells for ≤ 50 in London ($75/1.5 = ≤50) . This reflects what?

A) model of fair pricing.
B) law of one price.
C) principle of equitable pricing.
D) principle of consistent pricing.
E) purchasing power equity