Accounting, Economics, and Finance
Paper details:
Assume you are a consultant for a regional used automobile company that currently only sells gasoline powered vehicles. The company has asked for your analysis on expected used car market given the following information:
The government is reducing the subsidies to producers of electric vehicles and thus the price of electric vehicles will increase.
The production of oil is expected to decrease thus the price of gasoline is also expected to increase.
Prepare your analysis on the car market for the company. Your analysis should include your expectations on supply, demand, and equilibrium quantity and price.
Your analysis should be no more than 4 pages, double spaced with 1” margins (not including the title page or reference page or appendices). Any additional sources should be properly cited using APA formattincgog. You MUST clearly explain your reasoning.