Economic Analysis Paper One: Supply and Demand Analysis - Case Study Example

Comments (0) Cite this document
Identify two non-price variables such as customer income or demographics, advertising, prices charged for related goods or services, or interest rates that affect the demand for the products or services you identified in your selection.
The need to go green is one factor…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Economic Analysis Paper One: Supply and Demand Analysis
Read TextPreview

Extract of sample "Economic Analysis Paper One: Supply and Demand Analysis"

Download file to see previous pages (Lewis 2015).
Competitors’ size and actions are also going to affect the demand for electric vehicles by Tesla. Competitors producing other alternative cars are huge with many branches worldwide. Development of widely known and trusted brands will also affect demand for Tesla electric vehicles. The actions of competitors to produce competing products will also affect demand for Tesla electric cars (Bergin 2012).
Increasing need to go green campaign will increase the demand for elective powered vehicles manufactured by Tesla Company. The demand will be triggered by the fact that electric powered vehicles do not cause any environmental pollution in its use. Oil powered vehicles are causing so much pollution combined with other pollutants, thus causing global warming. A continual degradation of the environment will continue to affect world weather conditions further than it is currently. Therefore, there is the need to reduce pollution to save the environment and electric vehicles are one of the solution. The adoption of these EV is not only effective in environmental conservation, but also cost effective for consumers since the battery cost and maintenance is lower than the cost of fueling oil powered vehicles.
However, competitors are not going to take it easy on Tesla Company. Competition will reduce the quantity demanded of Tesla EV. Some competitors are well known worldwide with several branches all over the world. Convincing their customers, most of who are brand loyalists, to shift to buying Tesla’s electric vehicle will not be easy. Competitors will intensify their marketing and vary their models to attract and retain their customers. Creating a brand name that will be widely accepted by consumers is a hard task ahead of Tesla. Chances of competitors coming up with similar products of electric powered vehicle and other parts produced by Tesla are high thus increasing ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic Analysis Paper One: Supply and Demand Analysis Case Study”, n.d.)
Economic Analysis Paper One: Supply and Demand Analysis Case Study. Retrieved from
(Economic Analysis Paper One: Supply and Demand Analysis Case Study)
Economic Analysis Paper One: Supply and Demand Analysis Case Study.
“Economic Analysis Paper One: Supply and Demand Analysis Case Study”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic Analysis Paper One: Supply and Demand Analysis

Demand & Supply Analysis and Choice of Economic System

...and services is mainly determined using information derived from the free interaction of supply and demand established by market forces.  Limitations of Market Economic System There are several limitations of market economic system to be implemented in economy. The following are the key shortcomings of a market economic system: Imbalances in Bargaining Power A free market can occasionally result in formation of monopoly, duopoly, oligopoly or a cartel. Such structures create dominance of suppliers in the particular market to the disadvantage of buyers. For this reason, free market economy can potentially impinge on the rights of a certain segment in the...
6 Pages(1500 words)Essay

Demand and Supply Analysis

...? Demand and Supply Analysis Substitutes and complements Good Substitutes complements An airline ticket More cheaper airlines Onboard refreshments A mystery novel Required textbooks Marker pens A floppy disk Flash disk Floppy drives 2. a) Fig. 1: Demand and Supply curves 3. 4. 5. 6. 7. 8. 9. 10. 11. a) Demand and supply are equal at the points when equilibrium quantity is Q=200 units. It is also at this point when equilibrium price is also equal to P=200. This is as shown in the graph above. b) The relationship between the quantity demanded and the price is of negative relationship while that between quantity supplied and price shows a positive relationship. Quantity demanded of a commodity according to the theoretical information... at hand...
5 Pages(1250 words)Essay

Supply and Demand

..., it is possible to neglect the effects of supply on the demand. However, within macroeconomics, it is not possible as within this field the changes in both supply and demand are immensely vital. Ultimately, this is so because the suppliers are able to act as consumers at the same time. In relation to the topic, the following paper includes an elaborate analysis and summary of supply and demand in various companies and the way they affect people. In an article from Forbes, Brad Thomas presents an interview of a legendary investor talking about the commercial real estate business. As the legendary...
8 Pages(2000 words)Essay

Demand Analysis

...? Demand Analysis Toyota SUVs Toyota Sport Utility Vehicles (SUVs) have a high market demand and the company is currently planning to increase the market share of its SUVs in North America. While analyzing the demand for Toyota SUVs, it is clear that consumers’ tastes and preferences is the major factor affecting the demand of these commodities. Consumers are willing to purchase SUVs regardless of their price variations because they believe that larger and tough vehicles would protect them in an accident. However, gasoline prices can have an inverse effect on the demand of Toyota SUVs. To illustrate, the Toyota SUV market experienced significant sales declines in 2006 when gasoline price reached $3 a gallon. Hence, gasoline prices... will be...
5 Pages(1250 words)Term Paper

Economic Analysis Paper

...? Economic principles Michael Kassa Florida College ECO Principles of Economics I Prof. Cheng 3/26 Economics principles This paper seeks to describe how an article, Hildago, D & Gutierrez, L. (March 2013), BRT and BHLS around the World: Explosive Growth, Large Positive Impacts and Many Issues Outstanding: Research in Transportation Economics, vol. 39, pp. 8-13, demonstrates the principles of economics. This article addresses majorly principles such as demand, Supply, and Congestion, Government Pricing and Policy, Regional Development Planning and Policy, interest rates, government fiscal and money policy. The article asserts that macroeconomic indicators are statistics showing the current status of a country’s economy depending... money...
3 Pages(750 words)Essay

Demand and Supply Paper

...(Welbourn 2007. There will be government intervention through taxes, licenses and various other regulations put in place by the government. There are two economic theories that may be used to explain this phenomenon. The first one is the theory of demand, and the other one is the theory of supply (Adil 2006). The theory explains the relationship between the goods demanded by the consumer and the prices. The more a good supplied in excess, in the market then the price for the good or service will drop. This will also have an effect on the equilibrium price as it will also drop. The other theory is that of...
3 Pages(750 words)Essay

Sport Economic Analysis Paper

...a turnaround this summer in the Summer League, but that is not a sure prediction of a turnaround during the regular season. With a new head coach and general manager both in their first year in those positions, the future of this year for the organization is predicted to be a team building year. The spending on salaries for team members is one of the ways in which a team can be predicted for success. The following analysis will look at the nature of team salaries and how they are predictive of success in relationship to the current position of the Phoenix Suns. Background: A New Head Coach and General Manager The Phoenix Suns have found a new coach in order to support their success, but they did not look...
7 Pages(1750 words)Essay

Demand versus supply paper paper

...curable today. As an important example of these improvements, prescription drugs have leapfrogged in the health industry in ways that in some cases they have even reduced the occurrence of surgery (Kimbuende et al, 2010). This paper attempts to discuss customer demand for prescription medicines in connection with the variables of cost and supply in the USA. The major question we, at the very start, come across is if the theories of economics fit well in case of healthcare. According to Scott II (2001), the actual application of the concepts and theories of economics are not a straightforward exercise. The application of economics to...
5 Pages(1250 words)Essay

Demand and Supply Analysis

...Demand and Supply Analysis May 16, Demand and Supply Analysis Demand is defined as the quantity of a good or service that the consumers are willing and able to buy at a given price over a given period of time. Market demand is the demand of all the people in collection. For demand in economics to be effective, which means that only when consumers want to buy the product support the ability to pay, really has an impact on demand. Consumers must have sufficient purchasing power to no effect on the use of scarce resources. Other factors...
3 Pages(750 words)Term Paper

Supply and Demand Analytical Paper

...Supply and Demand Analytical Paper As the world grabs the technological advancement at a highest possible level so far, the realm of communication cannot be overlooked. It simply introduces higher opportunity for the mobile phone technology to proliferate in the communication industry. Apple Incorporated is one such a fortunate company to establish its competitive advantage in its industry. Lately, a staggering demand for its iPhone helps Apple lift its quarterly profit by 38 percent (Wakabayashi). As estimated, Apple’s profit as of January 27, 2015 hits $18 billion as 74.5 million iPhones are sold. Everybody knows that Apple compete with quality for it...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Economic Analysis Paper One: Supply and Demand Analysis for FREE!

Contact Us