Supply and Demand
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Supply and Demand
LaShawn D. Watts
Axia College
April 18, 2010
The good that I had experience with is purchasing a new car. First, in my Supply and Demand
Paper. I will explain factors that could cause possible changes in supply and demand with
purchasing a new car. Second, I will determine two substitute that there may be for purchasing a
new car. Third, I will determine two complements there may be for purchasing a new car. Last,
I will explain how the necessity of me purchasing a new car impacts price elasticity.
Factors that could cause possible changes in Supply and Demand
Several factors could cause possible changes in Supply and Demand when purchasing a new car. The higher demand for fuel efficiency is driving up smaller car prices. There is also evidence that customers are trading in bigger vehicles for smaller, more fuel-efficient ones are ordering small cars. Another cause that could cause possible changes in Supply and Demand is the maintenance for the vehicles. Some vehicle such as BMW or Mercedes Benz have parts that are only available thru the dealership. However having your service or repairs done at the dealership my mean that parts may be marked up can be two to three times their actual cost. Dealerships have the highest mark up of any place to buy replacements. If your vehicle is under warranty for that particular problem or part, going to the dealership is fine. However, you can purchase your parts from auto part stores such as Auto Zone and Advance Auto Parts. You will save on the part you purchased and on the labor.
.
Auto Industry Bailout: There is another way…spur demand!
March 18th, 2009 · by Dan Kowal · 1 Comment · automotive sector, spend analysis, supplier management, supply management, supply market dynamics, supply risk
We’ve spent a great deal of time discussing the plight of auto suppliers and manufacturers, as well as the potential impact of US Treasury...
LaShawn D. Watts
Axia College
April 18, 2010
The good that I had experience with is purchasing a new car. First, in my Supply and Demand
Paper. I will explain factors that could cause possible changes in supply and demand with
purchasing a new car. Second, I will determine two substitute that there may be for purchasing a
new car. Third, I will determine two complements there may be for purchasing a new car. Last,
I will explain how the necessity of me purchasing a new car impacts price elasticity.
Factors that could cause possible changes in Supply and Demand
Several factors could cause possible changes in Supply and Demand when purchasing a new car. The higher demand for fuel efficiency is driving up smaller car prices. There is also evidence that customers are trading in bigger vehicles for smaller, more fuel-efficient ones are ordering small cars. Another cause that could cause possible changes in Supply and Demand is the maintenance for the vehicles. Some vehicle such as BMW or Mercedes Benz have parts that are only available thru the dealership. However having your service or repairs done at the dealership my mean that parts may be marked up can be two to three times their actual cost. Dealerships have the highest mark up of any place to buy replacements. If your vehicle is under warranty for that particular problem or part, going to the dealership is fine. However, you can purchase your parts from auto part stores such as Auto Zone and Advance Auto Parts. You will save on the part you purchased and on the labor.
.
Auto Industry Bailout: There is another way…spur demand!
March 18th, 2009 · by Dan Kowal · 1 Comment · automotive sector, spend analysis, supplier management, supply management, supply market dynamics, supply risk
We’ve spent a great deal of time discussing the plight of auto suppliers and manufacturers, as well as the potential impact of US Treasury...