Go to this website and log in. https://ecampus.phoenix.edu/portal/portal/public/login.aspx
Click on ECO/365 – PRINCIPLES OF MICROECONOMICS
once in the class click on the assignment Microeconomics and the Laws of Supply and Demand. On the right side under material click on Supply and Demand simulation launch this and do simulation. Once completed follow the following instructions for completing the paper.
Complete the Supply and Demand “Simulation”.
Write a minimum 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/video.
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/video.
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/video 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/video?
Use A Section Heading For Each of the above Topics In Your Paper. Do not blend all the Information in the paper without separating each topic with a section heading.
Use a Running head and page headers on all APA papers in this course.
Cite a minimum of 3 peer reviewed sources.
Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results
Why Choose US
6+ years experience on custom writing
80% Return Client
Urgent 2 Hrs Delivery
Your Privacy Guaranteed
Unlimited Free Revisions