ECO/360 Article Analysis: The Supply and Demand of Hybrid Vehicles

Article Analysis: The Supply and Demand of Hybrid Vehicles The purpose of this paper is to summarize the article, "Hybrid vehicles hot in state, but supply is limited" and explain why changes occurred in supply, demand, and price. After reading this paper, the audience should be able to understand why the hybrid is in high demand, why car manufacturers are receiving the asking price, and how supply and demand may affect the prices of hybrids …

…increase in supply may eventually lower prices and result in market equilibrium. References: Gillette, B. (2005, May 23). Hybrid vehicle sales hot in state, but supply is limited. Mississippi Business Journal, 27, 20. Retrieved May 8, 2006, from MasterFILE Premier database. University of Phoenix. (Ed.). (2004). Introduction: Thinking like an economist. [University of Phoenix Custom Edition e-text]. The McGraw-Hill Companies. Retrieved May 8, 2006, from University of Phoenix, Resource, ECO/360-Economics for Business I Web site: https://ecampus.phoenix.edu/ secure/resource/resource.asp