Suppose an item sells for $125 in the United States and for 62,500 pesos in Chile. According to the law of one price, the nominal exchange rate (pesos/dollar) should be ________

An individual supply schedule is usually shown on a ______.

a. table b. graph c. pie chart d. Venn diagram

Refer to the table above. If at a price of $3 per loaf, the market supply of bread is 45 loaves, Seller 3's supply is:

A) 15 units. B) 24 units. C) 18 units. D) 20 units.