Supply and Demand in the Automobile Industry Term Paper by Top Papers

The paper discusses how successful businesses rely on consumer demand to regulate the supply of goods and services. The paper looks at how the automobile industry has gone through an unusual transition over the past few years with environmentally concerned consumers considering hybrid vehicles, while other consumers are opting to purchase smaller cars due to increasing oil prices. The paper describes how some consumers desire certain features, while others remain loyal to certain brands. The paper asserts that whether the public desires "gas guzzlers," hybrids, compact vehicles, and or "high tech" automobile gadgets, consumption of automobiles is important to keep the economy strong and healthy.