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Demand Elasticity Of Luxury Automobiles

Demand Elasticity of Luxury Automobiles

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Title: Demand Elasticity of Luxury Automobiles

Essay Details:

Subject: Business

Author:

Date: December 14, 2012

Level: University

Grade: A

Length: 5 / 1418

Essay text:

The flagship models of the brands were not chosen since the features and amenities are very different from car to car to such a degree that it would be almost impossible to compare the models. The retail prices of the flagship vehicles also vary by a few thousand dollars, making a fair comparison between the models even more difficult. The midsize luxury sedan segment offers consumers a good mix of quality components and craftsmanship, luxurious amenities, and ample power for daily commuting. These vehicles are designed for consumers who want luxurious, high quality vehicles at a fair price. The vehicle chosen for this study is the all-new Lexus GS430 sedan...

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