What would happen if more and more decided to buy automobiles?

1. What will be the consequences of increased number of vehicles on us?
2. Why are automobiles so important?
3. How would the demand for automobiles be affected?
4. What will happen if number of vehicles and factories in your surroundings increases?
5. Is automobile important or helpful in our life today?
6. How does the automotive industry affect the economy?
7. What effect did increased automobile production have on other industries?
8. What impact would a fall in the price of cars have on the demand for cars?
9. What happened to the demand for cars if the price of cars goes up?
10. What are two disadvantages of buying a new car?

What will be the consequences of increased number of vehicles on us?

The modern negative consequences of heavy automotive use include the use of non-renewable fuels, a dramatic increase in the rate of accidental death, the disconnection of local community, the decrease of local economy, the rise in obesity and cardiovascular diseases, the emission of air and noise pollution, the ...

Why are automobiles so important?

The automobile gave people more personal freedom and access to jobs and services. It led to development of better roads and transportation. Industries and new jobs developed to supply the demand for automobile parts and fuel. These included petroleum and gasoline, rubber, and then plastics.

How would the demand for automobiles be affected?

For example, the demand for automobiles would, in the short term, be somewhat elastic, as the purchase of a new vehicle can often be delayed. The demand for a specific model automobile would likely be highly elastic, because there are so many substitutes. ... This would tend to produce a highly inelastic demand.

What will happen if number of vehicles and factories in your surroundings increases?

If the number of vehicles and factories increases in our surroundings, then there will be an upsurge in the level of air pollution due to the emissions of smoke and harmful gases from factories and vehicles. The factories and vehicles constitutes the chief components of air pollution.

Is automobile important or helpful in our life today?

Automobiles are an important part of life in today's world. It is a basic need for every household. Imagine walking hundreds of miles for days to get from one place to another, but because of the discovery of automobiles, transportation today is much faster, easier and reliable.

How does the automotive industry affect the economy?

Auto manufacturing drives $1.1 trillion into the economy each year through the sales and servicing of autos and flows through the economy, from revenue to parts suppliers to paychecks for assembly plant workers, from income for auto-related small business to revenue for government.

What effect did increased automobile production have on other industries?

The growth of the automobile industry caused an economic revolution across the United States. Dozens of spin-off industries blossomed. Of course the demand for vulcanized rubber skyrocketed. Road construction created thousands of new jobs, as state and local governments began funding highway design.

What impact would a fall in the price of cars have on the demand for cars?

The correct answer is d. The quantity demanded of cars would increase as we move down a given demand for cars.

What happened to the demand for cars if the price of cars goes up?

If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the price decreases, quantity demanded increases. This is the Law of Demand.

What are two disadvantages of buying a new car?

Disadvantages of Buying New

The price of a new car is typically much more expensive than if you bought the vehicle used. Be prepared to pay much more in sales tax. New vehicles are said to lose up to 20 percent of their value as soon as you drive off the lot.