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General Motorshas determined that the price elasticity of demand for two customer segments (A Luxury Car's price elasticity of demand is -1.15 while a Premium
General Motorshas determined that the price elasticity of demand for two customer segments (A Luxury Car's price elasticity of demand is -1.15 while a Premium Car's price elasticity of demand is -1.60.Based on their expectations of profitability, General Motor realizes the price of aLuxury Carshould be $91,500.How much should General Motors charge forits Premium Car?
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