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Assuming that Toyota is planning to increase the price of the Toyota Innova Hycross vehicle next quarter. What would be the likely impact on the

  1. Assuming that Toyota is planning to increase the price of the  Toyota Innova Hycross vehicle next quarter. What would be the likely impact on the quantity demanded? Use the concept of price elasticity of demand to explain your answer. What factors may affect the price elasticity of demand for Toyota Innova Hycross top model?

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