Changes in supply and demand in the simulation


I want assistance with the following below:

Problem: Using the link provided on the rEsource page, complete the Supply and Demand simulation. Based on your learning, reading, and on the simulation, prepare a 700-1,050 word paper using APA formatting and including at least 2 peer-reviewed references, summarizing the content. In the paper, be sure to address the following:

Q1. What causes the changes in supply and demand in the simulation?

Q2. How do shifts in supply and demand affect your decision-making?

Q3. List four key points from the reading assignments that were emphasized in the simulation?

Q4. How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?

Q5. Determine how price elasticity of demand affects the decision making of the consumer and of the organization.

Summarize your results of the assessment for your instructor.

The attached document is the simulation.

Attachment:- Supply and demand simulation.rar

Solution Preview :

Prepared by a verified Expert
Microeconomics: Changes in supply and demand in the simulation
Reference No:- TGS01999576

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)