Assignment help please

Jul 14th, 2015
Business & Finance
Price: $15 USD

Question description

Please no plagiarism. 

Write a 1,050- to 1,400-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 price, quantity, and decision making.

Includeresponses to the following: 

  • How might 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?

Cite a minimum of 3 peer reviewed sources.

Tutor Answer

(Top Tutor) Daniel C.
School: UIUC

Studypool has helped 1,244,100 students

Review from our student for this Answer

Jul 14th, 2015
"all I can say is wow very fast work, great work thanks"
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