Ask Experts Questions for FREE Help !
Ask
    ringbar's Avatar
    ringbar Posts: 2, Reputation: 1
    New Member
     
    #1

    Sep 18, 2008, 10:11 AM
    Price elasticity in auto industry
    Hi,

    I am writing a paper on the economics of the auto industry. Can you please explain to me what the shifts and price elasticity of supply and demand in the auto industry are?

    Thank you,
    Ringbar
    CliffARobinson's Avatar
    CliffARobinson Posts: 1,416, Reputation: 101
    Ultra Member
     
    #2

    Mar 12, 2012, 12:31 AM
    We do not answer homework questions directly, but help with the student doing the work themselves and help where we can. I have found a few resources to help you come up with the answers to your question:

    Price Elasticity of Supply (Wikipedia)

    Elasticity Overview (URI)

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Income elasticity [ 1 Answers ]

If there has been a 10 percent increase in consumer income between two periods, what was the percentage change in the demand for tobacco products and flour? Where income elasticity for these products is given as .50 and -0.36 respectively. How do I use this in the income elasticity demand...

Cross elasticity [ 1 Answers ]

Pioneer, a major competitor, sells 50-inch Plasma TV for MSRP base price of $3,689, and assume that before Sony’s proposed price cut, 180,000 units of Pioneer 50-inch Plasma TV were sold in a week. If the cross price elasticity of demand between Sony 46-inch LCD TV and Pioneer 50-inch Plasma TV is...


View more questions Search