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

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 (http://en.wikipedia.org/wiki/Price_elasticity_of_supply) (Wikipedia)

Elasticity Overview (http://www.uri.edu/artsci/newecn/Classes/Art/INT1/Mic/Overview/Over.elast.html) (URI)