Complete the supply and demand simulation

Assignment Help Microeconomics
Reference no: EM13755827

Complete the Supply and Demand Simulation located on the student website.

Write a 700 - 1,050-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 equilibrium price, quantity, and decision making.

Reference no: EM13755827

Questions Cloud

Write an essay on brazil on the rise and india rising : complete a short essay (500 words) over the following 2 topic-1. brazil on the rise and 2. india rising.
Important of the two in the short-run vs. the long-run : Is there a current conflict between the two, if so which of the two is the Fed likely to pursue? Can they achieve both? Is there a difference in important of the two in the short-run vs. the long-run?
Undivided ownership of property : Question 1: With regard to undivided ownership of property, what is the right of survivorship? When does it exist?
What relations between depression and political instability : What was the relationship between the Great Depression and political instability?
Complete the supply and demand simulation : Complete the Supply and Demand Simulation - Write a 700 - 1,050-word paper summarizing the content of the simulation, and address the following:
Discuss primary advantages of gui over a textual interface : Discuss the primary advantages of GUI over a textual (command-line) interface in Linux system administration. Describe two (2) Fedora/Red Hat Enterprise Linux (RHEL) GUI desktop managers and explain how they generally function.
Construct confidence interval around forecast : Write the subsequent demand equation, with Qd as the dependent variable; Price, Advertising, Product Development, and Rel Price as the independent variables - important in determining quantity demanded? Justify the reasoning?
Write essay that discuss sectionalism in american history : Write an essay in which you discuss sectionalism in American history in the first half of the nineteenth century (roughly 1800-1860).
Cost estimation for software development projects : Predict the challenges of cost estimation for software development projects where requirements are usually not clear in early stages of the project

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe how circular flow diagram associates to current

explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram

  Question based on cash flow budgeting

Using the following information complete the cash flow budget for the months of January, February and March. Be sure to include GST in the rows provided. GST at the end of December 2006 was negative $2500.

  Efficient allocation of non-renewable resource

Do you think normal market forces adequately promote the sustainable development of non-renewable resources?

  What are the different types of control systems

What are the different types of control systems What are some advantages and disadvantages of the various control mechanisms How does your organization use the steps of the control process

  Describing how specific system used in an organization

Describing how specific system used in an organization

  The supply function for x units of a particular commodity

A manufacturer determines that the supply function for x units of a particular commodity is S(x)=In (x+2) and the corresponding demand function is D(x)=10+In(x-1).Find the demand price when the level of production is x=10units

  Dmand and supply curves for cigarettes are given byqd

demand and supply curves for cigarettes are given byqd frac128p12 and qs 4p2where p is the price of cigarettes in

  Whats behind starbucks price hike

What’s Behind Starbucks’ Price Hike? By how much could unit sales of coffee beans at Starbucks decline after the 2006 price increase while keeping total revenue constant? Instructions: Enter your responses as a positive percent (do not include a nega..

  Describe the consumption possibilities

Amin consumes two goods: X and Y. M is his monetary income, while Px & Py represent the prices of goods X and Y, respectively. Assume that X is an inferior good while Y is a normal good.consumption possibilities, for the quantities of Y consumed

  What are some definitions of privacy

What are some definitions of privacy? Is privacy a right unto itself? Which do you think is the soundest ethical basis on which to defend privacy? To what extent do you think companies’ gathering of personal employee information is justifiable?

  Why countries impose trade restrictions on goods and

a balance of trade trade balance is the difference between the monetary values of exports and imports of a countrys

  Construct a model of loanable funds market in closed economy

Discuss the effect of an increase in the Government Budget Deficit on the rate of interest & the level of private investment. Identify the crowding out effect in this context.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd