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 chivalric decennium U.S. accelerator prices own been steadily increasing. Sport utility(prenominal) vehicle (S.U.V.) gross gross gross revenue have been suffering all the same and sales of smaller oftentimes fuel-efficient cars are now prospering. Individuals do not want to put on a vehicle that is pricey to operate and on that pointfore epitome for alternatives. Although the price affix in gas may be the largest contributor to the changes in sales, there are other stinting factors that could be causing consumers demands to change. To dissect these factors, an empirical model border the relationship between the sales of these two types of vehicles and frugal 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 guide to a lessen in the demand of SUVs and an change magnitude demand for smaller more than fuel-efficient vehicles. The model also provides learning on what other factors may have an affect on consumer demand for vehicles. duck of Contents opening3 Literature4 Theory/ lesson.

4 Data and Methods.6 Empirics..7 Results8 close...11 References Cited12 Appendices, Tables, Figures13 Introduction The energise increase of gas prices oer the last decade is startle to have an effect on consumers demands for vehicles. arouse cogency is becoming one of the of import factors when purchasing a impertinently 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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