September 2023 homeworkmarket start Write a 1 050 to 1 400 word paper summarizing the content of a simulation

2024 Complete the Supply and Demand Simulation located on the student website. Assignment Help

homeworkmarket start Write a 1 050 to 1 400 word paper summarizing the content of a simulation 2023

homeworkmarket_start Write a 1,050- to 1,400-word paper summarizing the content of a simulation. Use one of the following as a reference source: Complete the Supply and Demand Simulation located on the student website. • Identify two microeconomics and two macroeconomics principles or concepts from the simulation. • 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. • Include responses 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? Cite a minimum of 3 peer reviewed sources.

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