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Quantity Demand

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Submitted By myjoy1229
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The Bishop Arts district is a neighborhood in north Oak Cliff, Dallas, Texas. The subdivision is Adorned by shopping and entertainment from local artists. The Bishop Arts District is a small and active community with the average house hold size of 4 and median income of $30,000 per year. The area originally consisted of warehouses and shops in the 1920s. In the past there was a trolley transportation system that made the subdivision even more popular. The mid-60's through the beginning of the 80's the Bishop Arts district began a decline. The decline was a result of the rise of the shopping mall, neighborhood demographic changes and finally the fact that buses began to replace streetcars making trolley stops which brought less visitors and commerce to the community. Over the past twenty years, renovations have taken place to transform two city blocks into a walk able, urban environment, although the surrounding area has yet to undergo revitalization. Murals, brick pavers, and other street elements have polished the rough look of the warehouses and have made the area a popular leisure and dining destination. 1. Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.

As previously mentioned the average house hold size is 4 and the median income is approximately $30,000 per year. Average housing prices beginning at $146,000. Lastly, the median in rent begins at $700 per month. The financial variables per house hold would have an effect on consumers purchasing pizza from Dominoes. In addition to financial variables one could consider the racial and ethnic demographics of the community. The bishop arts population is a predominately Hispanic community. Therefore is comprised of many restaurants of the Hispanic culture. However there are approximately ten pizza

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