The Rise in the Price of Used Vehicles

Analyze the rise in the price of used vehicles.

What vehicle have you chosen, and how has its price changed—for instance, by how much and over what time period? For your product, what caused the price change? Name the factor/s that change the demand change in the supply, or both, which led to the price change over time. What has been the impact of this price change on individuals and on society as a whole? In other words, do you find that the price change of this product benefits some groups (e.g., individuals, communities, society) while hurting others or increasing the standard of living overall?