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ECO 365 Week 2 IA Supply Demand Simulation
« on: Feb 12th, 2016, 3:35am »		 Quote Quote Modify Modify
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ECO 365 Week 2 IA Supply Demand Simulation
 
 

 
To download this tutorial follow the link - http://entire-courses.com/eco-365-week-2-ia-supply-demand-simulation
 
ECO 365 Week 2 IA Supply Demand Simulation
 
This pack comprises ECO 365 Week 2 Individual Assignment Supply - Demand Simulation
Write 700 - 1000 words 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?
Relating  to the simulation, explain how the price elasticity of demand affects a  consumer’s purchasing and the firm’s pricing strategy.
Format your paper consistent with APA guidelines.
 
 
 
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