Cory Irwin
declination 15, 2011
Washington State University
EconS 490
Phil Wandschneider
Abstract
Over the past decennium U.S. accelerator prices have been steadily increasing. Sport utility vehicle (S.U.V.) gross sales have been suffering however and sales of smaller much fuel-efficient cars are now prospering. Individuals do not want to acquire a vehicle that is costly to operate and therefore image for alternatives. Although the price affix in gas may be the largest contributor to the changes in sales, there are other economic factors that could be causing consumers demands to change. To analyze these factors, an empirical model exhibit the relationship between the sales of these two types of vehicles and economic factors much(prenominal) as the price of gasoline, GDP, consumption, unemployment, and income. The model supports the economic assumption stating that the increase in the price of gasoline has led to a lessen in the demand of SUVs and an increased demand for smaller more fuel-efficient vehicles. The model also provides information on what other factors may have an affect on consumer demand for vehicles.
duck of Contents
Introduction………………………………………………………………………………3
Literature…………………………………………………………………………………4
Theory/Model…………………………………………………………………………….
4
Data and Methods……………………………………………………………………….6
Empirics…………………………………………………………………………………..7
Results……………………………………………………………………………………8
close……………………………………………………………………………...11
References Cited………………………………………………………………………12
Appendices, Tables, Figures…………………………………………………………13
Introduction
The steady increase of gas prices over the last decade is starting to have an effect on consumers demands for vehicles. arouse efficiency is becoming one of the main factors when purchasing a new car. As gas prices rise, the sales of...If you want to institute a full essay, order it on our website: Ordercustompaper.com
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