ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand | eBooks | Education

ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand

ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand PLDZ-419 Instant Download Price
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ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand

https://uoptutorialstore.com/category/eco-365/

 

ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand

 

Complete one of the following options:

Option 1:

Complete the Supply and Demand Simulation.

Write a 1,050- to 1,400-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?

 

 

 

Cite a minimum of 3 peer reviewed sources.

Click the Assignment Files tab to submit your assignment.

 

ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand https://uoptutorialstore.com/category/eco-365/ ECO 365 Week 2 Microeconomics and the Laws of Supply and Demand Complete one of the following options: Option 1: Complete the Su
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