Reilly's Law/trade area capturing The city Riverside wants to know how many customers it has attracted in recent year. Riverside is especially interested in its auto dealers. They want to know if they lost or attracted more customers between 1987 and 1992. For 1987: Actual retail sales of merchandise: $3,301,000 Per capita expenditure for merchandise: $390.12 Country per capita income: $3,457 Province /state per capita income: $ 4,266 For 1992: Actual retail sales of merchandise: $9,341,000 Per capita expenditures for merchandise: $655.51 Country per capita income: $ 5,539 Province/ state per capita income: $ 6,864 A: Find the trade area- what do these numbers mean? B. Has trade area increased or decreased? Why do you think?

Reilly's Law/trade area capturing The city Riverside wants to know how many customers it has attracted in recent year. Riverside is especially interested in its auto dealers. They want to know if they lost or attracted more customers between 1987 and 1992. For 1987: Actual retail sales of merchandise: $3,301,000 Per capita expenditure for merchandise: $390.12 Country per capita income: $3,457 Province /state per capita income: $ 4,266 For 1992: Actual retail sales of merchandise: $9,341,000 Per capita expenditures for merchandise: $655.51 Country per capita income: $ 5,539 Province/ state per capita income: $ 6,864 A: Find the trade area- what do these numbers mean? B. Has trade area increased or decreased? Why do you think?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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