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Essay

The Automotive Industry

Essay specific features

 

Issue:

Business

 

Written by:

Gregory G

 

Date added:

March 27, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

6 / 1676

 

Was viewed:

5661 times

 

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Essay content:

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...
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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. For other products Substantial price changes, because small changes in the amount purchased, the demand for such products is relatively inelastic or simply inelastic (Mankiw)...
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