Question: How would the information in the table affect your plan if you were the sales manager of a sole agent for foreign car distributor? Table
Table 1 Estimated price elasticity of demand and income elasticity of demand Domestic cars are Proton and Perodua cars while foreign cars are all foreign car makes including Japanese car assembled locally. The average price for domestic cars and foreign cars of similar size are approximately RM50,000 and RM85,000 respectively. Sources
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