ECO 365 Week 2 Supply & Demand Simulation
96.30%, 2927 sales
Ask seller a question
Complete the Supply and Demand Simulation located on the student website (Screen shots of the scenario are available).
Write 700 - 1,050-word paper of no more than summarizing the content. Address the following:
• Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.
• Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
• For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.
• How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
• How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
•How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation.
1050 words with 2 references and citations.
Answer will be sent on email.
Other Products from homework:
View all products
HW-1424 External, internal and technical approaches to measuring organizational effectiveness
HW-215 Poor and Developing country-equity and development
MKT421 Marketing Plan- Jordan Melo M11
HW-274 Personal Finance 2
HW-1919 Role of ethics and social responsibility in developing a strategic plan
HW-309 Pricing decision and law
HW-492 Argentina Fixed Exchange
HW-331 Principles of Management Proctored Final
HW-1669 Castner Corporation JIT inventory system
HW-1358 Finance MCQ 14 to 40
Last Updated: 23 Jun 2017 08:50:08 PDT
Powered by eCRATER - a
free online store builder