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The Automotive Industry

The Automotive Industry

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Title: The Automotive Industry

Essay Details:

Subject: Business

Author: Rosalinda S

Date: March 22, 2015

Level: University

Grade: A

Length: 6 / 1676

Essay text:

The industry had its lowest performance index during the great depression of 1929-1935 but ever since, it has grown by leaps and bounds. The industry's worldwide growth in production, sales, and profit margins for the past four years has also been marvelous. Almost all industry players including Harley Davidson, Honda, Kawasaki, and Suzuki among others recorded from modest to remarkable sales within this period of time. Shifts and price elasticity of supply and demand Some products are highly responsive to price changes while others are not. In some commodities Low price changes does not make a server change in the quantity purchased, Economists say that the demand for such products if relatively elastic or simply elastic...

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