I'm assuming you're asking this in terms of economics.
In which case, yes the auto industry is demand elastic. This can be seen from a few views.
Firstly, within vehicles themselves, there are many brands and models available for purchase. None of which is exacly like the other. Therefore the consumer has the ability to easily switch products for another make/model of vehicle.
Secondly, the auto industry itself as a whole has viable alternatives. If the prices of the entire auto industry were to rise, then consumers have the ability to purchase other forms of transportation, including but no limited to: public transportation, bicycles, scooters, mopeds etc.
Examples of this may be seen in some lower income countries where vehicle purchases are low relative to other forms of transportation.
Hope i answered your question in detail. sorry if some of it doesnt make sense but i typed in a hurry
It is considered elastic since there are many options on what type of automotive you want.
Elasticity of demand in the steel industry is inelastic. The price of steel can fluctuate and the demand will remain constant. As a result, as price moves, revenue will move in the same direction.
the automotive industry
Captian nichloas cage
Automotive
It is inelastic due to houses taking a long time to build so there will be a short supply of housing. there are also no alternatives to housing. There is but that is if you want to become homeless.
Elasticity of demand in the steel industry is inelastic. The price of steel can fluctuate and the demand will remain constant. As a result, as price moves, revenue will move in the same direction.
WHO worked in the automotive industry?
One can find a job in the automotive industry online at various websites. One can find a job in the automotive industry at websites such as CareerBuilder, Monster, and Indeed.
Yes, Tractors are also part of automotive industry, becoz this is also a vehicle.
Aston Martin is in the automotive industry.
the automotive industry
there is one fore used in automotive industry which is used all the time and that is friction. hope i helped
The biggest industry within the automotive industry is the cars. And the three biggest companies within it are Ford, General Motors and Chrysler. There are often referred to as "The Big Three".
Aston Martin
Automotive
Automotive manufacturing.
tourism and automobile industry's contribution to tourism growth