(Oligopoly & Elasticity Question)

Buddy Motors has 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, Buddy realizes the price of a Luxury Car should be $91,500.How much should Buddy charge for its Premium Car?

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