The laferrari is a limited edition car built by Ferrari. It costs a million pounds and only 499 will be built.
Determinants of demand:
A Ferrari is a symbol of money, class and speed. It an exclusive car to own
Ferraris are the most exclusive sports cars and they are one of the best on the market.
Owning a Ferrari is considered a privelage
The La Ferrari is exclusive because there are only 499 in the world
It is prices at a million pounds. Buying one would show how rich you are
You must be chosen by Ferrari to buy this exclusive car. It is for sale like any other car
It is the fastest Ferrari and it was specially designed to be exclusive and luxurious
The La Ferrari is a car that will never be available to buy in the future because it is exclusive and there are only a limited number in supply.
Supply:
The supply is limited ton only 499
You must be chosen by Ferrari to own a La Ferrari
Ferrari has made this car better than all other Ferraris in the market
The quality of the materials used is extremely good. They are some of the best in the world. the engine and interiors are handmade in the Ferrari factory in Italy
these are some of the factors that increase the demand and limit the supply.