eco essay prompt1

eco essay prompt1 - Free Ferraris There is a Ferrari...

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Free Ferraris   There is a Ferrari dealership that I have to pass every day on my way to work. The cars are beautiful out in the  front of the dealership along the highway; mostly red with some bright yellows. I have always been a little self- conscious being a teacher, to actually go inside. When I looked up the prices on the Internet, the cheapest one  is $170,000 more than triple my salary. Please answer the following questions for your essay: 1. Why do Ferraris cost so much? The high cost of Ferraris is reflective of the car’s high demand and low supply and while some may view  the price as absurdly high, Ferrari carters to a specific part of society. Thus consumer sovereignty has not  only kept Ferrari in business throughout the years but can also be seen as helping Ferrari find the  equilibrium price for years to come. 2.
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This note was uploaded on 06/05/2009 for the course ECO ECO2013 taught by Professor Jominy during the Summer '08 term at Broward College.

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