Suv or Car: Better Gas Mileage?

Gas Prices and early(a) Economic Factors on Demand for Vehicles Cory Irwin declination 15, 2011 uppercase State University EconS 490 Phil Wandschneider Abstract Over the former(prenominal) decennium U.S. accelerator prices pee been steadily increasing. Sport return vehicle (S.U.V.) gross gross gross gross sales have been suffering unless and sales of smaller a good deal fuel-efficient cars are now prospering. Individuals do not want to let a vehicle that is high-priced to operate and on that pointfore ensure for alternatives. Although the price affix in gas may be the largest contributor to the changes in sales, there are other frugal factors that could be causing consumers demands to change. To analyze these factors, an empirical model present 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 take to a lessen in the demand of SUVs and an increase demand for smaller more(prenominal) fuel-efficient vehicles. The model also provides learning on what other factors may have an affect on consumer demand for vehicles. duck of Contents knowledgeability3 Literature4 Theory/ model.

4 Data and Methods.6 Empirics..7 Results8 close...11 References Cited12 Appendices, Tables, Figures13 Introduction The even increase of gas prices everyplace the last decade is scratch line to have an effect on consumers demands for vehicles. arouse readiness is becoming one of the briny factors when purchasing a sensitive car. As gas prices rise, the sales of...If you want to institute a full essay, order it on our website: Orderessay

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