Your firm has an exclusive Your firm has an exclusive contract to assemble automobile seats for several luxury models. Almost $100\%$ of the materials are imported and, of those, over $50\%$ include parts manufactured in China. All the prices of the parts from China increased by $25\%$ when the United States imposed tariffs on China. Your company has informed all its customers that increased costs must be passed on for your firm to continue supplying the seats. All your customers reluctantly agreed to pay the additional cost.contract to assemble automobile seats for several luxury models. Almost $100\%$ of the materials are imported and, of those, over $50\%$ include parts manufactured in China. All the prices of the parts from China increased by $25\%$ when the United States imposed tariffs on China. Your company has informed all its customers that increased costs must be passed on for your firm to continue supplying the seats. All your customers reluctantly agreed to pay the additional cost.