Write a 5 page report on transportation methods being specific CARS vs Hybrid cars and its
demands elasticity.
Describe of what this elasticity is measuring and identify it as a price elasticity, an income
elasticity, or a cross price elasticity. Include in your report what it means if the number for the
elasticity is negative or positive and if represents elastic or inelastic demand. If there is
information about the value of this elasticity in the short-run and the long-run include that
information and discuss what it means if these values are the same or different. Include
information about when this elasticity was estimated and discuss any conditions that pertained
at that time that you think may have influenced the numerical value of this elasticity. Discuss
whether you think these conditions have changed and if you think the numerical value of this
elasticity would be different today than it was when it was measured (if it would be different how
and why). In the remainder of the report, discuss if this value is what you would have expected
or it surprised you.
You must a footnote that identifies the source of information that you include in your report and
reference the source at the end of the report. You must put any phrases or sentences you use
that come from others in quotes and follow the quotes with the name of the source in
parentheses ( ). Your report should be not less than 04 pages in length, double-spaced with the
font size 12pt.