The Following Table Shows the Price,in Canadian Dollars,of Utops,the Currency

Multiple Choice

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.

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

A) 1 utop for one dollar.
B) 2 utops for one dollar.
C) 0.50 Canadian dollars for one utop.
D) 2 Canadian dollars for one utop.