Suv or Car: Better Gas Mileage?

Gas Prices and early(a) Economic Factors on Demand for Vehicles Cory Irwin declination 15, 2011 upper-case letter State University EconS 490 Phil Wandschneider Abstract Over the past decennium U.S. shooter prices have been steadily increasing. Sport utility vehicle (S.U.V.) double-dyed(a) sales have been suffering however and sales of littler much fuel-efficient cars are now prospering. Individuals do not desire to acquire a vehicle that is costly to operate and thereof image for alternatives. Although the price affix in gas whitethorn be the largest contributor to the changes in sales, there are different stinting factors that could be causing consumers demands to change. To analyze these factors, an empirical baby-sit 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 step-up in the price of gasoline has led to a change magnitude in the demand of SUVs and an increased demand for smaller more fuel-efficient vehicles. The model also provides information on what early(a) factors may have an affect on consumer demand for vehicles. dunk of Contents Introduction3 Literature4 guess/Model.

4 Data and Methods.6 Empirics..7 Results8 close...11 References Cited12 Appendices, Tables, Figures13 Introduction The steady increase of gas prices all over the last decade is starting to have an effect on consumers demands for vehicles. arouse efficiency is becom! ing one of the principal(prenominal) 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: OrderEssay.net

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