Automobile prices are notoriously negotiable but the limits, Ask an Expert

Economics

Automobile prices are notoriously negotiable, but the limits to negotiation are set by market conditions. How would the negotiating position of a seller, and consequently the markup, change if a car was rare and in high demand? What does this imply about the price elasticity of demand for the car?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91233681

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