Supply and Demand Paper Essay Example for Free

Supply and Demand Paper Essay There are many factors that should be considered before buying a new car; this decision should be based on in-depth consumer research prior to stepping foot onto a dealership lot. In today’s vehicle market you can expect to see varying interest rates, varied vehicle supply and depending on the economy, dealership promotions and gimmicks which all play a role in the decision making process for a new vehicle purchase. The vehicle sales market is very competitive; do not let the undertaking duty of purchasing a new vehicle become overwhelming. Instead, prepare yourself with ample consumer research and knowledge before you go new-car shopping. Most adults have heard the saying ‘Supply and Demand’. But, what is Supply and Demand? Supply and Demand can be defined as a monetary rise and drop of the cost of a good. When the price of a good goes up, the quantity of the good diminishes and reversed, when the price falls then the demand will rise. When applying Supply and Demand theories, in today’s economy, you can see the demand for new vehicles has decreased. Supply and Demand are two words that seem to be synonymous with the word competitive. In regards to a vehicle purchase, competitive markets are what keep good car dealerships in business because they have mastered the competitive technique to work with Supply and Demand. Essentially, Supply and Demand determines the vehicle prices. Research, of your local area, can help a buyer determine the local economies position as well as other factors that could cause variation in the Supply and Demand of new vehicles. When considering the purchase of a new vehicle, it is important that a buyer look at other factors which may shift the demand curve. Factors that may shift the demand curve will include: the cost of related goods, style, expectations, income, and the number of buyers. The cost of related goods, meaning a new vehicle, is nearly the same but a responsible cons umer should research for the best price. Income will always be a factor in the demand curve. If there is a downward shift in income then the demand for a new car will also follow the down trend because consumers will have less money to spend. If your income is stable then the curve will be a great benefit because the cost of a car will drop while your income stays the same. If your income has dropped and the market has dropped as well, then you are still able to afford a new vehicle because the market has lowered prices in an effort to increase demand. If a new car is not within your budget or grasp you can consider several substitutes such as a taxi, car-pooling, public transportation or even riding your bicycle. Complementary goods are double-edges sword when you are considering these goods as factors of a new vehicle purchase. Complementary goods are essentially counterparts of a vehicle; these goods are products that are included with a vehicle. Complementary goods are items such as tires, an engine, a stereo system, engine size and, seats. The prices of complementary goods add to the total cost of the vehicle. This additional cost may have a negative effect on the demand for special products in a vehicle. The negativ e effect is because price of a complement can increase which makes the cost of the vehicle go up. In a poor economy, the demand for automobiles with extra or special complementary goods will decrease. One example of a complementary good would be a sports car or an SUV with a V8 engine; this vehicle consumes a lot of gasoline. Gasoline costs can affect a consumer’s decision to purchase a car, truck, SUV or sports car. We all know a vehicle will not operate without gasoline, so, are you willing to spend a larger sum of money to fill the gas tank because you purchased a vehicle that gets low miles per gallon? If you consider gasoline as a complementary good then you realize when the price of fuel rises, that quantity demanded falls in the beginning. However, if the price of fuel stays high for an extended period then you may want to seek a fuel-efficient vehicle or other transportation substitutes. As a consumer you should think about long term possibilities of complementary goods before your purchase. The negative result of complementary goods is perceived as a negative cross-price elasticity of demand. In economics, the cross-price elasticity of demand measures the demand fo r a good and the price. This measurement is known as the percentage of change in demand and the response to the change in price. A change in price can persuade consumers to move away from a vehicle if the price rises. A new automobile has an elastic demand which means if the price drops, then there will be a significant increase in demand for the vehicle. What factors determine the price elasticity of demand? Goods with close substitutes have an elastic demand. Substitutes, in this case, would be other modes of transportation. Another factor to consider is the definition of the vehicle market in your area. Closely defined markets have more elastic demand than a broadly defined market. Vehicles have an elastic supply; automobile manufacturers can produce vehicles more rapidly if the demand increases. On the flip side, automobile makers can produce fewer vehicles if the demand decreases. Elasticity usually depends on supply and the supply can vary by vehicle market. It is true that supply is more elastic in the long term over the short term. The decision to purchase a vehicle comes with so many factors; another element to think about is one of necessity or desire. Is the choice to get a new vehicle a necessity or a desire? Are you choosing a vehicle that is a standard base-model or a luxury model? Necessities are an inelastic demand. This means the quantity demanded responds to changes in price. We all have personal preferences when it comes to vehicles but, you have to decide if a new vehicle is a necessity or desire. If you can afford a new vehicle then you can get a model made with your personal preferences. If you are getting a new vehicle purely out of necessity then you will likely choose a base-model which will be cheaper and inelastic. Two years ago I decided to purchase a newer vehicle. I work in a stable market and know that my job is secure; with this in mind I was able to purchase a new vehicle with peace of mind. Prior to car shopping I did weeks of research; I made a list of what I wanted and then was able to choose a vehicle. I searched for a vehicle that was certified and came with a warranty as well as a high resale value and from a manufacturer that had a reputation for longevity. I commute to work each day so I needed a vehicle that boasted a good fuel economy. I am particular about the vehicle I own and I desired a medium line vehicle that had several upgraded features. Because I chose a vehicle with longevity I know I will not need to purchase another vehicle for several years. Hopefully our economy will rise within the next few years however, this will affect the supply and demand when I am ready to purchase again. Today is a buyer’s market for vehicles, which is great for the consumer. With that being said, consumers should consider all costs of vehicle ownership before signing on the dotted line.

Anger and Aggression Essay -- essays research papers fc

Everyone has felt anger or aggression many times in there life. It happens all of the time. We all face the same challenge of trying to control our temper. It may be easier for some people than it is for others. Many studies show that it is healthy for a person to let out their anger once in a while. They believe that it will help in your relationship with others and that it will increase your self-esteem. They also believe that holding anger in is bad and unhealthy for your body. If you let the anger build up it could go from just being a verbal argument to a point in which someone or something is hurt or destroyed. To control your anger you should release your aggression in a way that is not harmful to others or yourself. People that look into a problem more closely can control their anger better. These people get all of the facts and make a proactive decision. Also by looking into the problem your may find out that it wasn't as bad as you first thought. Looking into the probl em will also help you look at the consequences of the action you are going to take. Researchers also believe that tv and movies have an impact on the ways we release our aggression. They believe that in some way we are all influenced in some way by movies and tv shows that we watch. If we can learn to control our anger we will see that our life, and everyone else's life is a lot safer and more peaceful. Some people may ask, "What causes a person to feel angry?" There are two answers to the question. The first is that you may feel angry with yourself or something that you may have done. The second is that you may be angry at another person or object. Some people may refer to feeling angry with yourself as internal anger and anger towards another person as external anger. An example of internal anger is that you did not do as good as you wanted to do on your test. An example of external anger is getting into an argument with a friend. There are different ways of dealing with your anger. The best way is to go right to the person that you are feeling angry with and talk to them about it. Although this is the best way it may not always be an option for the situation you are in. If you are angry with yourself you should find a friend and talk to them about it and get it off your mind so you don't build up your anger. Bu... ...elp the teen control their aggressions and help them let it out in healthy ways. They can show them different ways to deal with anger. They can use prevention and try to stop the problem before it gets to far. They can also use crisis management such as a sitting down and talking about the problem with the child. Another method is time-outs this will help give the parents and the child a chance to cool down. The best method for parents is to be a good role model for the children. If they show good ways of dealing with anger their children may do the same. A parent is the person who children look up to as they are growing up. Bibliography 1. Dealing with anger http://www.allsands.com/Lifestyles/dealingwitha_apn_gn.htm 2. Dealing with anger http://www.counsel.ufl.edu/selfHelp/dealingWithAnger.asp 3. Adolescent Anger and Aggression http://www.mi-pathways.org/brochures/adolescent_agression.html

Local, State, and Federal Laws and Policie Essay

One of the most important aspects of teaching is providing a safe environment where student learning can be achieved. The only way this can be achieved is by staying up-to-date on all laws and polices in place to help schools and teachers provide a safe environment. There are many documents provided for teachers and students to help them get familiar with all the local, state, and federal laws and polices. This essay will focus on a â€Å"Student/Parent Guide†, â€Å"Faculty Handbook†, and a â€Å"Comprehensive School Safety Plan.† The first artifact is a â€Å"Student/Parent Guide.† This book is considered both a rule book and an information booklet to help in all aspects of student life. It contains a multitude of information regarding the rules governing students, student activities, school curriculum, and general information about the school and it’s procedures. The first pages describe in detail two Acts dealing with a students’ enrollment, attendance at school, and the right to retain a driver’s license. It also describes the state law relating to the â€Å"Quiet Reflection Time† that public schools are required to uphold. The next section deals with general school information. This section has policies ranging from absences and truancy to first aid and emergency procedures. The next part in the book is the rules governing students section. This section includes the policies dealing with fighting, dress code, drugs, cheating, and many other rules and their consequences. The third section is titled Instructional Program and deals with the school’s curriculum. This section begins by stating the school’s accreditation and also states that it meets and exceeds â€Å"Section 504† in it’s special  education program. It also stats the policies on parent conferences, graduation requirements, and summer school. The last section is the school’s policies on student actives and assemblies such as pep rallies. Overall, this booklet contains a massive amount of information containing all levels of polices and procedures aimed for student and parent usage. The next artifact is a â€Å"Faculty Handbook.† This handbook is designed as reference book for teachers. It is the centralized book containing all school policies. It beginnings by describing the faculty absentee policy and how to prepare for a substitute teacher. The book details many types of leave such as professional, sick, and personal, and what to do for each situation. The next section of the handbook covers many policies on posting attendance, lesson plans, and grade posting. Classroom procedures, which include discipline, structure, and monetary collections is discussed in the next section. The last section in the handbook explains the policies on field trips, purchase orders, report cards, summer school, and the school’s philosophy of education. With all the policy and procedural information contained in this handbook, a teacher can be better prepared for any situation. The last artifact for discussion is a school’s â€Å"Comprehensive School Safety Plan.† The school system devised this 100 page plan to ensure the â€Å"highest degree of safety and security in the school environment†. In the first section, a detailed description is given on emergency contacts, school crisis teams, and a list of emergency supplies in school. The second part deals with teacher training for emergencies. It describes how communications should be handled, securing the grounds, student supervision. The last section in the safety plan details a multitude of security risks and their procedures. Some examples include bomb threats, hostage situations, sexual assault, fights, and severe weather. The first is to always be prepared for whatever situation may arise, and with this document, teachers are better prepared to deal with almost all safety situations. In conclusion, with all these documents, students, teachers, and parents can be up to date on all policies that affect them in and around the school  environment.

Significance of Psychosocial Competence in Youth - 1468 Words

Significance of Psychosocial Competence in Youth Executive Summary Stress is one of the top ten health concerns in adolescence and is getting worse. Adolescents experience many changes in their daily lives, however are not sufficiently equipped with skills to help them deal with the increased demands and stress they experience (World Health Organization, 1997). Psychosocial competence in youth was researched in order to better understand their abilities to make the best choice as related to mental, emotional, and physical challenges they experience. This report will examine the significance of psychosocial competence in adolescents, and its relationship to functioning effectively. Furthermore, research reviewed the encouragement of†¦show more content†¦These types of responses can result in â€Å"personal drug and alcohol use, running away from home, prolonged sadness and crying, unusual impulsivity or recklessness or dramatic changes in personal habits† (Clarke, 2006). It is important that adolescents develop coping skills befo re stress results in negative physical, mental, and cognitive outcomes (Terzian amp; Nguyen, 2010). Ultimately, the ability to understand the dynamics of stress and choose a healthy coping strategy is a fundamental role in an adolescent’s life. Most young people will develop and assume the responsibility for their stress, but evidence supports the significance of psychosocial competence and the advantages adolescents gain by having the skills to effectively face the interminable challenges they experience (Chandra, 2006). Promotion of Psychosocial Competence through Life Skills Training The most direct intervention for the promotion of psychosocial competence is enhancing a person’s life skills. Life skills teach individuals to translate knowledge, attitudes and values into actual abilities that help them deal with the demands and challenges of their everyday lives. Life skills for psychosocial competence in young people look at the generic and practical life skills in relation to common health and social problems (WHO, 1997). The methods used in teaching life skills to young people are active acquisitions,Show MoreRelatedThe Practical Application of the Age of Criminal Responsibilities1497 Words   |  6 Pagesof criminal responsibilities set at a young age. There have been many studies completed that give appreciation to the rights of children and give an understanding of their specific capabilities. Being informed about children’s culpability, their competence to participate in the criminal justice system (CJS) and the consequences of criminalisi ng them at a young age are crucial areas that need to be looked at in detail when thinking of setting with a minimum age of criminal responsibilities (FarmerRead MoreErik Homberger Erikson s Life Of The Lakota And The Yurok1085 Words   |  5 Pageswriter. 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