Project #72820 - Microeconomics Help -Law and Supply & Demand

Link to the Simulation Assignment URL http://www.wikiupload.com/CJNGMYNRX92KDQL Embed

WikiUpload Free File Hosting
Assignment Complete the Supply and Demand Simulation attachment. Write a 700 -word paper summarizing the content of the simulation, and address the following: Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics. Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. Explain what causes the shifts, and how each shift affects the equilibrium price, quantity, and decision making. Include responses to the following: • 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 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? • How does the price elasticity of demand affect a consumer's purchasing and the firm's pricing strategy, as it relates to the simulation? Format your paper consistent with APA guidelines.

Subject Business
Due By (Pacific Time) 06/07/2015 07:00 pm
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy