ECO 365 Week 2 Individual Assignment: Supply & Demand Simulation
Summarize the Supply and Demand Simulation make sure to address the following:
a). What causes the changes in supply and demand in the simulation?
b). How do shifts in supply and demand affect your decision making?
c). List four key points from the reading assignments that were emphasized in the simulation
d). How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?
e). Determine how price elasticity of demand affects the decision making of the consumer and of the organization
f). Summarize our results of the assessment.