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Essay / Research Paper Abstract
A 5 page paper discussing supply and demand, then applying the discussion to the sale of hybrid cars such as the Toyota Prius. Price appears to be lower (and it is lower than high-end SUVs, Hummers and luxury cars), which influences demand even more than does greater environmental awareness among consumers. Supply is greater now than in the past but is expected to remain tight as automakers seek to provide new products that will gain consumers' attention and as consumers respond. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSeconHybCar.rtf
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Unformatted sample text from the term paper:
assured consumers that prices would revert to normal levels following the world oil shortage in the 1970s, but of course that never happened. Chrysler later gave us the minivan
in the 1980s; later we would discover SUVs and Detroit bet the factory on how large and expensive it could make its pickup trucks and still sell them. Growing
municipalities continue to reject potential plans for mass transit, and there are few cities in the US in which having a car can be seen as being a detriment.
The result over the past thirty years is that fuel efficiency has been declining in terms of the vehicles that many people wanted to
buy and drive, while fuel prices have been increasing all the while. Alternative fuel cars constituted an intriguing curiosity, but generally they were inconvenient, barely relevant to consumers needs
or so expensive that few families could consider buying one. Hybrid cars have come a long way in the past several years, led by Toyota and Honda. They
now comprise a serious threat to the standard gas-only vehicle and are poised to create changes in supply and demand of several inputs. Supply and Demand
The law of supply and demand holds that as supply increases, price decreases (Sosin, n.d.). This in turn should increase demand for the product, which eventually
will strain the supply side to increase prices again. The ultimate effect is to establish and maintain price, supply and demand equilibrium within a range of tolerance of each.
There are at least two caveats that apply to operation of supply and demand, however. One relates to whether the good or service being considered is seen as
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