Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Higher Gasoline Prices and Hybrid Car Demand
In the summer of 2008, the price of gasoline increased to a little over $4.00 per gallon. Americans did not drive appreciably less for the few months that this price increase held. They also did not rush out and buy a large number of gasoline-electric hybrids such as the Honda Civic hybrid. This hybrid is advertised as getting about 50 miles per gallon in city driving as compared to the standard Honda Civic that gets an advertised 30 miles per gallon in city driving. The average family drives about 12,000 miles per year.
The Honda Civic costs about $17,000, and the Civic hybrid has a price of around $24,000.
QUESTION: Can you explain why the short-run increase in the price of gasoline had a very small effect on the demand for Civic hybrids?
Draw a graph showing the supply and demand for hybrid cars before and after an increase in the petrol prices.
Suppose that inflation in Australian was expected to equal 6 per cent in 2015, but prices rose by only 3 per cent. How would this unexpectedly low inflation rate help or hurt each of the following?
According to the US Department of Health and Human Services, individuals living in rural and isolated areas face special challenges in receiving timely, quality health care (Fact, 2006). Discuss your thoughts on the impact of policies that call for i..
Kat Von D, also known as Katherine von Drachenberg, is an American tattoo artist, model, musician, entrepreneur, and television personality. She is best known for her work as a tattoo artist on the TLC reality television show LA Ink. What most people..
Employers that are open to listen to their employees and endeavor to have happy employees ultimately enjoy increased productivity
For profit-maximization, will you operate your taxi business today? What is the minimum daily revenue to keep operation in the short-run?
Consider a model of the American economy where the level of income (Y) is produced with two factors of production, land (X)
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
999, after nearly 20 years of rent control in Berkeley (CA), the removal of the law led to a rise in rents of nearly 40%. Describe how rent control affected the S&D graph for the rental-housing market: did this cause a shift in D or S or was it a cha..
Illustrate what were some of the marginal benefits that the city would derive as the result of keeping this project alive.
The two goods are money and ice cream and eating more than a certain amount of ice cream makes the consumer sick. If you assume that the consumer can dispose of unwanted ice cream at no cost how do the indifference curves change?
Your company has immediately acquired another company which has locations in Quebec also Paris.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd