Supply and Demand
Supply and Demand 1
The good that I have experience purchasing is a new car. There is many things that could effect the supply and demand of a new car, and I will explain a few of them that will effect the supply and demand. One thing that does have a major impact on supply and demand is the price of gasoline. This could work one or two ways it could cause more cars to sell that are more fuel efficient, but it's going to be at a higher price. Another thing that could happen is that the demand for the product decreases, because people can't afford to buy a new car so your going to have a ...view middle of the document...
You could also look at it this way as well that it could help you save money to be able to afford a new vehicle which will provide a more of a demand for a new car.
The complements of a new car could be insurance, car stereo, or parking space. For the first Supply and Demand 2
one you have car insurance so you are protected if you happen to be in a car accident, flat tire, or some other type of car trouble. The next would car stereo, and with a car stereo you could listen to any type of music that you wanted to, and you wouldn't have to listen to what the person driving wanted to listen too. The next would be parking space, and say you lived in an apartment, or you work for someone in a big business they might give you your own parking space so having a car you could feel special of having your own place to park. There is several complements that could drive the demand the up or down as well as the supply of the products.
How the necessity of a new car impacts...