(Answered) Columnist jack mabley of the chicago tribune reports that

Economics

Columnist Jack Mabley of the Chicago Tribune reports that "General Motors just increased prices another 2.5%" even after a "bad year" and concludes that "if the law of supply and demand were working, GM would reduce prices, not raise them."

Do you agree or disagree with Mabley's argument? Use Supply and Demand analysis to explain.

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