List Prices on New Cars Do Not Change Very Often

question 110

Multiple Choice

List prices on new cars do not change very often, so

• A)the real price of cars is very inflexible.
• B)the prices of new cars can only be flexible if there are changes in the cost of materials.
• C)price flexibility is not an important feature in the auto market.
• D)price flexibility shows up primarily through the negotiations between buyers and sellers.