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What are the Determinants of Supply in the automotive industry? And explain price elasticity of demand in the automotive industry. What factors that affect consumer

  1. What are the Determinants of Supply in the automotive industry?
  2. And explain price elasticity of demand in the automotive industry.
  3. What factors that affect consumer responsiveness to price changes of cars
  4. How the price elasticity of demand impacts pricing decisions?

Analyze the available data and information and justify how you determine the price elasticity

of demand the vehicles

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