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Is the demand for a particular brand of car, like Chevrolet, likely to be more or less price-elastic than the demand for all cars? Explain.

Is the demand for a particular brand of car, like Chevrolet, likely to be more or less price-elastic than the demand for all cars? Explain.

[Please use your own words and views to answer this essay question in a few sentences, one or two paragraphs. We are not looking for THE right answer - we want to see how you use microeconomics principles to interpret real life issues...]

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