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12 6.25 pts GM's elasticity of passenger cars in Mexico is about 3.2 percent (in absolute value). The management has decided to increase GM's total
12 6.25 pts GM's elasticity of passenger cars in Mexico is about 3.2 percent (in absolute value). The management has decided to increase GM's total revenue from passenger car sales in Mexico. Other things in Mexico being held constant (the ceteris paribus assumption), GM is expected to: O Increase the price of cars in Mexico by 3.2 percent O not to change the price at all. O decrease the price of passenger cars in Mexico O increase the price of passenger cars in Mexico
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