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Suppose the price elasticity of demand for new cars is -4.5. This tells us that buyers of new cars Group of answer choices are somewhat

Suppose the price elasticity of demand for new cars is -4.5. This tells us that buyers of new cars Group of answer choices are somewhat responsive to changes in the price of new cars. are relatively unresponsive to changes in the price of new cars. do not respond at all to changes in the price of new cars. are quite responsive to changes in the price of new cars

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