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Assume that last year the price of a Toyota was 4 , 8 0 0 , 0 0 0 Yens in Tokyo and the exchange
Assume that last year the price of a Toyota was Yens in Tokyo and the exchange rate at the time was Yens per $ which implies that the $ price at the time was $ Suppose further that the yen has appreciated by If the price charged by Toyota in US is $ then the percentage of passthrough is
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