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Think about either demand or supply for selling cars business.Is (demand or supply) elastic or inelastic with respect to price of the good itself (i.e.

Think about either demand or supply for selling cars business.Is (demand or supply) elastic or inelastic with respect to price of the good itself (i.e. own price elasticity)?How do you know?What determinant do you think is the most important in driving the level of price elasticity?

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