Supply and Demand Paper

Supply and Demand Simulation University of Phoenix May 9, 2013 ECO/365 - Principles of Microeconomics The Supply and Demand Simulation consist of microeconomics and macroeconomics concepts. The concepts are explained and how they apply to the principle of microeconomics and macroeconomics. The simulations presents shifts in the supply and demand curve, the rationale for the shift is given. Each shift is analyzed showing the effects of the equilibrium price, quantity, and decision making…

Supply & Demand Simulation Erica Bradford ECO/365 June 19, 2013 Jeremy Alessandro Supply & Demand Simulation Goodlife Management is the sole provider of apartments available for rent in the city of Atlantis in which the supply and demand simulation provided by UPOX takes place. The simulation provides excellent, real-life examples of how the supply and demand curves may shift based upon various factors that occur within the market in Atlantis. The following details such examples as…

there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them, showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government…

Aggregate Demand and Supply Models Economic Critique Ken Drake, ECO 372 Macroeconomics September 10, 2012 Jason Foster Aggregate Demand and Supply Models Economic Critique In the United States the economy is currently in a recession, although signs are indicating that the economy is slowly recovering. In an effort to analyze the Unites States economy the unemployment rate, expectations, consumer income, and interest rates have been evaluated. The results of these evaluations are included…

Supply and Demand Simulation Paper Principles of Microeconomics 365 Matthew J. Angner June 1, 2010 University of Phoenix Online Introduction The supply and demand simulation was based on the management of rental apartments by GoodLife Management. The apartments are in a fictitious town called Atlantis. Topics that will be reviewed in this paper include changes in supply and demand, how shifts in supply and demand affects decision-making, key points from the reading assignments that…

Supply, Demand, and Price Elasticity Paper 2010 Learning Team A University of Phoenix 10/17/2010 Petroleum is a necessity for the majority of humans across the world. Petroleum is a natural resource that has few competitors. In recent decades alternative energy sources have been investigated, but the use of petroleum is still ahead of the game as the world’s primary energy source in the use of automobiles, but petroleum is also the main ingredient in plastic. We use plastic everywhere, the…

Supply and Demand Paper The article which I chose in this assignment comes from “The Michigan Daily”, which is a newspaper native to the state of Michigan and its residents. The main subject of the article is the recent increase in season ticket prices for the University of Michigan football games. This price increase will mostly impact the students of the University of Michigan who are normal in attendance, but will also impact the loyal non-student fans as well. Michigan is a nationally…

Supply and Demand Simulation Paper ECO/365 Week 2 Individual Assignment February 25, 2013 Supply and Demand The analysis will identify two microeconomics and two macroeconomics principles or concepts from the simulation, and explain why each principle or concept is in the category of macroeconomics or microeconomics. The analysis will identify at least one shift of the supply curve, and one shift of the demand curve from the simulation and what causes the shifts. The analysis will show…

to make a large number of products which include beer and bread. The next few pages of this report will discuss how supply and demand for wheat shifts, how it affects price, and whether or not wheat is a luxury or a necessity will also be analyzed. Wheat, a main staple in food and a source for many products, is a global commodity with diverse supply availability and changing demands. Each country has its own production, consumption and exportation of wheat that are affected by crop specific factors…

Supply and Demand Simulation ECO/365 Supply and Demand Simulation In the University of Phoenix simulation (2003), students are taken through the supply and demand of two-bedroom apartments in a city called Atlantis. The simulation itself is used as a tool to learn about the demand and supply curves as well as equilibrium. Other key learning points are the factors that affect supply and demand, the effect that a price ceiling has on the quantity demanded and the quantity supplied. Throughout…