Automobile prices are notoriously negotiable but the limits, Microeconomics

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Automobile prices are notoriously negotiable but the limits

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: Automobile prices are notoriously negotiable but the limits

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