Complete<\/strong> the Supply and Demand Simulation located on the student website.<\/p>\n

Write<\/strong> a 700 – 1,000-word paper summarizing the content of the simulation, and address the following:<\/p>\n

Identify<\/strong> two microeconomics and two macroeconomics principles or concepts from the simulation.<\/p>\n

Explain<\/strong> why you have categorized these selected principles or concepts as microeconomics or macroeconomics.<\/p>\n

Identify<\/strong> at least one shift of the supply curve and one shift of the demand curve in the simulation.<\/p>\n

Explain<\/strong> what causes the shifts, and how each shift affects the equilibrium price, quantity, and decision making.<\/p>\n

Include <\/strong>responses to the following:<\/p>\n

\n
• How may 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?<\/li>\n
• How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?<\/li>\n
• How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?<\/li>\n
• How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy, as it relates to the simulation?<\/li>\n<\/ul>\n

  Format<\/strong> your paper consistent with APA guidelines.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  Complete the Supply and Demand Simulation located on the student website. Write a 700 – 1,000-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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/116544"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=116544"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/116544\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=116544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=116544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=116544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}