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Can Trade Sanctions Affect Elasticity of Demand for Cars Assume Congress prohibits the sale of Japanese luxury cars, such as Lexus Acura and Infiniti from being sold in the United States

Can Trade Sanctions Affect Elasticity of Demand for Cars? Assume Congress prohibits the sale of Japanese luxury cars, such as Lexus, Acura, and Infiniti, from being sold in the United States. How would this affect the price elasticity of demand for Mercedes, BMWs, and Jaguars in the United States?

May 11 2020 View more View Less

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