Buy custom Economic Overview In Auto Industry
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1585 |
Essay's paper body
When the demand for new automobiles is low the demand for after-market parts rises. The only explanation is uncovered when looking at individual households. Individual households have a limited amount of money to budget for transportation. If new cars are in high demand the income is higher for individual households...
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If new cars are not in high demand individual households have less money to budget for transportation. With less money to budget for transportation, individuals are more likely to use after-market parts to make repairs on their existing vehicle rather than purchase a new vehicle when their current vehicle needs costly repairs...
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