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Concepts of demand and supply

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Reference no: EM1315550

Supply and Demand Simulation

This paper should be posted as a Word attachment in your Individual forum and should adhere to APA formatting. Complete the Supply and Demand simulation. Based on your learning, reading, and on the simulation, prepare a 700-1,050-word paper summarizing the content. In the paper, be sure to address the following:

a. What causes the changes in supply and demand in the simulation?

b. How do shifts in supply and demand affect your decision making?

c. List four key points from the reading assignments that were emphasized in the simulation.

d. How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?

e. Determine how price elasticity of demand affects the decision making of the consumer and of the organization.

f. Summarize your results of the assessment for your instructor.

Reference no: EM1315550

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