Complete the supply and demand simulation

Assignment Help Microeconomics
Reference no: EM13682223

Complete the Supply and Demand Simulation located on the student website.

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?

Format your paper consistent with APA guidelines.

Reference no: EM13682223

Questions Cloud

What is the percentage in labor productivity of windows : What is the percentage in labor productivity of windows from May and determine the for labor- hrs, the typical standard for comparison.
Discuss how forward and options contract can be used : Discuss how forward and options contract can be used by the company to hedge its exposure to exchange rate risk.
Compare and contrast roles of the futures market : Compare and contrast roles of the following participants in futures market
Exposure to exchange rate risk : Exposure to exchange rate risk.
Complete the supply and demand simulation : Complete the Supply and Demand Simulation located on the student website.
Simulate the implementation of a real-life database : Simulate the implementation of a real-life database, you will start with requirements elicitation for a given scenario. After all the basic functional and non-functional requirements have been gathered, you will start designing the database.
Is the economy experiencing inflation : Is the economy experiencing inflation?
How much more does the government have to spend : How much more does the government have to spend to buy up the excess supply?
Dmp model predict would be the effects of labor unions : What does the DMP model predict would be the effects of labor unions?

Reviews

Write a Review

Microeconomics Questions & Answers

  Preventing entry of firms by monopoly

Your firm sells a very popular children's game. As the manager, you have received information that another firm is thinking about introducing a similar game. You have the following facts:

  If boca raton company has only one rival and if its rival

the boca raton company announces that if it reduces its price subsequent to a purchase the early customer will get a

  Explain how the krugman model of trade works

Explain how the Krugman model of trade works. Explain the similarities and differences between the Krugman model and Heckscher-Ohlin model.

  Compute the price elasticities of demand in each market and

greener grass company ggc competes with its main rival better lawns and gardens blg in the supply and installation of

  Which of the above costs and values mentioned are irrelevant

the company ABC Inc. bought a machine for automatic playback of " software " at a cost of $ 20,000 ( the "original cost" ) . The expectation was that the machine had a useful life of 5 years , after which have a residual value of $ 5,000 ( "salvage v..

  Many critics however contend that the american recovery and

many critics however contend that the american recovery and reinvestment act of 2009 were not effective at all except

  We there precautions in place to make sure your safety

reflect on the role of proper health nutrition and safety in your own growth and development as a child whether the

  What is opportunity cost of increase in income

Compute the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0 GPA. Find out opportunity cost of an increase in income from $100 to $150.00

  How to generate less revenue than the government spends

Excess burden is caused by the fact that taxes Answer are spent in ways that taxpayers do not support. distort economic decisions. generate less revenue than the government spends. are regressive instead of progressive.

  Promote economic activity

During the country's current economic malaise, along with that of our local economy, what can individuals and businesses do to help get by financially, get a job, or promote economic activity?

  Explain the limitations of a free market economy

Why do public goods demonstrate the limitations of a free market economy. they allow consumers to make all of the economic decisions or else.

  Wat do you think are pluses advantages and minuses

what do you think are the pluses advantages and minuses disadvantages when firms have market power? be sure to explain

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd