It stimulated growth in many other industries
http://www.1920-30.com/automobiles/
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It stimulated growth in many other industries
automobiles, steel, and the road industry
Petroleum was high in demand because it is an invention. This is used in an automobiles.
The demand for automobiles in the 1920s led to significant economic growth and transformation in American society. It spurred the expansion of related industries, such as steel, rubber, and oil, and created millions of jobs. The rise of car ownership also encouraged the development of infrastructure, including roads and highways, and fostered a culture of mobility and suburbanization. Overall, the automobile became a symbol of freedom and modernity during this decade.
The result of dividing 1920 by 3 is 640.
Complementary goods are consumed with other goods and the prices for these goods can affect demand for automobiles. These factors can include petrol prices, tyre prices or vehicle registration costs. In general, if any of these increase, their demand will decrease, along with demand for automobiles.Supplimentary goods are consumed instead of other goods, in other words, they are alternatives to a certain good. In this case, they could include bicycles, motorcycles, footpaths and public transport. If any of these goods increase in price, then automobiles will become more in demand due to being a cheaper alternative, whereas if the price of the goods decrease, demand for automobiles will likely decrease.
Products with negative demand are things that you would have to pay someone to take such as trash, damaged tires, junk automobiles, etc.
Ford
Indirect demand refers to the demand for goods or services that arises from the demand for another good or service. This can occur when one product is necessary for using another product, causing a ripple effect in the demand chain. For example, the demand for automobile tires is indirectly driven by the demand for automobiles.
The automobile assembly line and readily available credit for buying automobiles