Asked in Cars & VehiclesInventions
Cars & Vehicles
What are a few inventions that had influence on the auto industry?
Asked in Inventions, History of the United States
What inventions were invented between 1800 and 1850?
Asked in Movies, Saudi Arabia
How did Lawrence of Arabia influence the film industry?
What are few inventions that helped the europeans out at sea?
There are very few inventions that helped the Europeans out at sea because most of the inventions that helped them out at sea were made by inventors who had actually been out to sea. Most inventors preferred to stay on land, so they made inventions to help people with problems on land not out at sea.
Asked in Science, Inventions, Thomas Edison
Did Thomas Edison test and of his inventions on animals?
Which are the major Industries in UK?
The financial industry, printing & publishing, pharmaceuticals, and the furniture industry are the major industries in the UK. There was once an auto industry in the UK, but the government would not pay a few million pounds to bail them out, and said it was too much money. But then gave over 2 billion pounds to the banks.
Asked in Leonardo da Vinci
Name you one of Leonardo's inventions for warfare?
Asked in Inventions
Can anyone name a few inventions that start with z?
Asked in Oligopoly
Why would the music industry be an example of an oligopoly?
The music industry is dominated by a few large firms which dominate the market, thus enabling the industry to exert its market influence. They also partake in collusion to ensure that barriers to entry into the music industry remain high for new firms to enter. The characteristics of an oligopoly are as follows: Few, large number of firms dominate the market. High barriers to entry Long run abnormal profits Price makers- have the ability to determine market price. Maximise profits where MC=MR. The music industry fits into the above characteristics and therefore is considered to be an oligopoly.
Asked in Biology, Global Warming
Is there a industy that has a negative affect on the environment?
Asked in Economics
What best explains why the media industry is characterized by an oligopolistic market structure?
Asked in Colonial America
This exists when a few firms dominate a particular industry?
Asked in Inventions
What inventions were invented during the 14 th century?
Asked in Inventions, History of England, Elizabeth I
Elizabethan England inventions for mechanial power?
Asked in India
Which industry in India is the most well-known today?
Asked in Cars & Vehicles, Economics, Physics
Is the auto industry elastic?
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