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In Jan. 2018, the euro/dollar exchange rate was el S1.25. By November, the dollar had strengthened to El S1.1. Assume that an American manufacturer drops

In Jan. 2018, the euro/dollar exchange rate was el S1.25. By November, the dollar had strengthened to El S1.1. Assume that an American manufacturer drops the price of an electric car of 80,000 in European market by 10 percent to maintain same sales volume in Desember. How will revenues be affected when euro prices are converted to dollars

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