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Connecticut is located in the New England region. The surrounding states of Connecticut are
Massachusetts, Rhode Island, and New York. Its capital city is Hartford, but its largest city is Bridgeport.
The cities in Connecticut that have a population with <100,000 are the following: Bridgeport (144,229),
New Haven (129,779), Hartford (124,775), Stamford (122,643), and Waterbury (110,366).According to
the United States Census Bureau the population of Connecticut is approximately 3,590,347 in 2012.
There was a slight increase of 0.5% in population from the census of 2010. The age distribution
reported by USCB was the following, 6.6% of its population was reported as being under 5 years old,
24.7% under 18 years old, 54.9% are 18+ years old, and 13.8% were 65 years of age or older. The
median age is 40 years old. Females made up approximately 51.6% of the population, with 48.4% male.
The largest ethnic group is White with a 71.2%, the second largest are Hispanic 13.4%, Black are 9.4%.
In 2010 the median household income of Connecticut residents was $67,740. There is a 9.2% of
Connecticut residents that live in poverty. The population distribution by household employment status
is represented in the table below.
Population Distribution by Household Employment Status,
states (2010-2011), U.S. (2011)View 50-State Comparison
CT
#
CT
%
US
#
US
%
At Least 1
Full Time
Worker
1,720,100
79%
141,874,100
75%
Part Time
Workers
210,000
10%
17,503,200
9%
Non
Workers
Total
238,000
11%
28,628,500
15%
2,168,000
100%
188,005,800
100%
The workers by occupation category for Connecticut are: White Collar Workers 44%, Blue Collar
Workers 56%.
N/A
60 North Ave | Bridgeport, CT, 06606 Phone: (203) 366-3425| FX: (203)
337-1269
425 North Ave | Bridgeport, CT, 06606 Phone: (203) 335-7539| FX:
(203) 877-0910
513 Lindley St | Bridgeport, CT, 06606 Phone: (203) 576-1851| FX: N/A
43 North Ave | Bridgeport, CT, 06606 Phone: (203) 334-1672| FX: N/A
425 North Ave | Bridgeport, CT, 06606 Phone: (203) 776-3033| FX: N/A
674 Madison Ave | Bridgeport, CT, 06606 Phone: (203) 338-0855| FX:
N/A
1349 Boston Ave | Bridgeport, CT, 06610 Phone: (203) 336-2227| FX:
N/A
1926 Main St | Bridgeport, CT, 06604 Phone: (203) 579-0360| FX: N/A
351 Arctic St | Bridgeport, CT, 06608 Phone: (203) 334-6451| FX: N/A
2125 Fairfield Ave | Bridgeport, CT, 06605 Phone: (203) 384-1241| FX:
N/A
1001 Wordin Ave | Bridgeport, CT, 06605 Phone: (203) 336-5387| FX:
N/A
60 North Ave | Bridgeport, CT, 06606 Phone: (203) 366-3425| FX: (203)
337-1269
421 Tunxis Hill Rd | Bridgeport, CT, 06604 Phone: (203) 384-0005| FX:
N/A
29 Dekalb Ave | Bridgeport, CT, 06607 Phone: (203) 362-1522| FX: N/A
351 Arctic St | Bridgeport, CT, 06608 Phone: (203) 334-6451| FX: N/A
43 North Ave | Bridgeport, CT, 06606 Phone: (203) 334-1672| FX: (203)
330-6070
1001 Wordin Ave | Bridgeport, CT, 06605 Phone: (203) 336-5931| FX:
N/A
1349 Boston Ave | Bridgeport, CT, 06610 Phone: (203) 336-2227| FX:
N/A
Total: 20
Norwich, CT
Falveys Motors
Norwich Auto Sales
Simon Ford
Nissan of Norwich
543 E Main St | Norwich, CT, 06360 Phone: (860) 887-1928| FX: N/A
774 W Thames St | Norwich, CT, 06360 Phone: (860) 892-5007| FX:
N/A
395 W Thames St | Norwich, CT, 06360 Phone: (860) 889-3371| FX:
N/A
774 W Thames St | Norwich, CT, 06360 Phone: (860) 889-3333| FX:
N/A
774 W Thames St | Norwich, CT, 06360 Phone: (860) 889-8375| FX:
(860) 889-7707
774 W Thames St | Norwich, CT, 06360 Phone: (860) 886-1074| FX:
N/A
401 N Main St | Norwich, CT, 06360 Phone: (860) 889-2601| FX: N/A
500 W Thames St | Norwich, CT, 06360 Phone: (860) 889-8375| FX:
N/A
Total: 12
New Heaven, CT
Elm City Auto Sales
Junitos Auto Sales and
Repair
Saint Michael Auto Sales Llc
M & M Auto Sales
Montesi Motors Inc
Atlas Auto Reciclaje
Auto House of New Haven
Llc
A-1 Toyota
Total: 8
Hartford, CT
New Country Motor Cars
Frank & Family Used Car
Dealer
Liberty Mazda
R & R Auto Sales and
Service Llc
Lia Hyundai
Interstate Ford
There were two questions in the survey. Does your company use price elasticity when changing
its price? Would you consider price elasticity to be important in managing your prices?
Below are the results:
Not
Important important
X
A-1 Toyota
X
Interstate Ford
X
Nissan of Norwich
X
X
Scap Dodge
X
x
Wile Hyundai of Willimantic
Out of the 5 dealerships, 80% (4/5) uses elasticity when they change the prices of the cars and services,
20% (1/5) did not use elasticity. 100% (5/5) of the respondents considered price elasticity to be
important in managing the prices. In conclusion out of a sample of 85 dealerships 5 of them believed
that it is critical when setting prices of their products and services. Out of the respondents 80% used
elasticity to determine their prices.
Use Elasticity
X
X
X