ECO365 Microeconomics and the Laws of Supply and Demand *****NITKKR ONLY*****

Questions/Business/ManagementECO365 Microeconomics and the Laws of Supply and Demand *****NITKKR ONLY*****
Complete the Supply and Demand Simulation located on the student website. -OR- Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos. 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.

Join now or log in to start viewing answers.
Report DMCA

NITKKRA+ 1396 TUTOR Posted 3102. Sold 3556. Bought 3. Asked 5. Solution preview:

Attachments
ECO365 Microeconomics and the Laws of Supply and Demand.docx
[Title of Paper] ******* ****
****** **** * **
****
INTRODUCTION
*** *** ** ****** *** ****** ******* ***** *** simulation ** understand simulation, microeconomics *** macroeconomics ******** *** important *** ***** description ***** *** microeconomics *** macroeconomics ******** *** **** explained ******* *** ****** ***** *** ****** ***** ***** ** *** simulation ****** *** ***** ** *** ******** *** ***** ** * ******* ***** ** explained simultaneously ***** *** ******* ***** ***** ****** *** ****** *** **** categorized **** ***** *** understanding *** ******** ******* (Malerba, ** ******* ** Orsenigo, ** ******* ** *****
Microeconomics ******** ***** *** ***** ** * ******** ****** *** ****** ** *** ******* ****** ***** ** ** ** organization ***** ** ***** **** individual ****** *** ****** Macroeconomics ** * ******* **** ***** ******** ** ******** development, ******** **** unemployment, inflation *** *** ******* ******** ** *** ******* *** ****** *** ****** ***** ***** ***** ** understand *** economics ******* ***** *** ****** ****** *** ****** ** ****** **** ** ******* ***** increased *** responsive apartments *** ** ** ****** ****** *** ***** *** increased ** ****** ***** *** decreased, **** *** ****** ** ******* apartments ******** ***** ** * ****** ***** ***** ** *** ***** Originally *** ** ****** ** population *** ****** ***** ***** * ******** ***** ** ****** ******** *** ***** ******* ****** *** ***** ****** ****** *** ****** ***** *** ****** ***** ***** ******** ******* *** ****** ** ** organization
Microeconomics *** Macroeconomics
*** ****** ***** *** ****** ***** ******* *** equilibrium ***** *** ******** *** ******* ** microeconomics ***** ** understand *** ******* ***** ****** *** ****** *** ****** ** equilibrium ***** *** ******** ******** *** ****** ***** ***** ** ****** *** ** microeconomics ******* ***** *** ******** behaviour ******* ** *** ***** ** fluctuating **** ******** ******* *** ****** ***** *** ** ******** ***** ** ***** ** ***** ** ******** ******* *** ****** ** *** consumers *** ****** ***** *** *** ****** ** ***** ** paratively ******* **** ****** *** ****** ** *** ******* originates **** individuals ***** *** ***** *** ****** ***** *** ** therefore ***** ***** ** macroeconomics, ** ** ** ***** ** *** ******* *** ******* ** *** *** ******* ** macroeconomics, ** * ******* ****** ** ** ******** **** ***** **** ******** ** *** *** calculation ** *** ****** ** ******* *** *** *** ****** ** **** **** ***** ** * *** ***** *** *** ******* ***** Microeconomics ** categorized ** ******* ** ****** *** ****** ** ** ** ******* **** *** restricted ****** **** ***** macroeconomics *** ** categorized ** ** ***** elasticity *** ***** ******** ******* ***** ******* **** ******* ******* ** *** ******* ** ***** ******* ** *****
*** ****** *** ****** ***** ****** *** ** ** ******* ** *** workplace ** ** ******* eligibility *** ****** *** ****** ***** *** considered ** ** ****** ** ******** ***** ** *** ****** ** ******* *** employees ** *** **** *** ******** **** *** ****** *** ****** ***** ***** *** ***** **** ** employees *** **** according ** ***** **** **** ***** employment ******* ** *** ******* **** *** ****** *** **** *** ****** ** *** **** ** **** equilibrium ***** ** ****** **** ** *** ****** *** *** employees **** efficiently ** ** organization **** ***** ****** ** **** *** ** ******** ** *** ******* *** employee’s productivity ** *** *** incentives *** motivation **** ******* indicates *** ****** *** ****** ** *** ***** **** ** ****** ******* *** microeconomics ***** ** considered *** ******** ******* *** individual ****** *****
Elasticity ** ******
*** ****** *** ****** ****** ** *** equilibrium ***** ******* ** *** ******* *** ******* ** microeconomics ***** ** understand *** ****** *** ****** **** ******* ******* ** *** *** ***** ** ****** ** microeconomics, considering *** ****** ** * ******* *** *** ****** ** *** **** ******* ** *** producers ******** ******** *** ******** ** *** ****** ** *** consumer’s ****** *** ******** ****** *** *** ****** ** ******** behaviour ******* *** ****** ** *** ******* ** *** ***** ** **** ** *** ******* *** consumers *** ******* ** ******** ** **** **** *** ******* ** important *** ******* ** ***** ***** *** ******** ***** ******** *** ******* **** ** **** ***** **** ** ******** *** ****** ***** ***** ** ***** **** ** *** ****** ** *** ******* ** increasing ** *** ****** ** **** *** *** ****** ** ***** **** *** ***** *** ***** **** *** ** *** unbalanced ****** ** *** ******* ****** Organizations *** ******* ** ****** ****** ** *** necessary ******** ***** ***** ******** *** ****** ** *** **** *** ******* ***** * **** ****** ** ** ** * necessity **** ** ***** ****** ****** ** *** *** **** ***** ****** *** ******* behaviour ** *** ******** ** purchasing * ******* **** **** *** ***** ** *** ** *** ** paratively **** ***** ******** ****** ***** *** ****** ** * ******* ** **** **** ***** *** ** alternative ******* ** *** ****** increases ** **** ******** automatically *** ***** ***** ******** *** therefore productivity **** increases
** *** *** simulation, *** ***** elasticity ** ****** ******* * consumers purchasing *** ***** ******* ******** Simulation ******** ***** ** ****** ** ***** ** increasing **** * **** *** ******** *** ***** ** ****** ***** **** ****** **** *** ******** *** **** ** **** ***** *** ****** ** ******** Therefore alternative ****** ** *** ******* ** ***** ** *** ****** **** definitely consumers ***** ***** **** *** ******* ** ******* *** *** ** ***** ** ****** ****** *** ***** ** * ******* ** ****** ** ** **** ******* ** ******** *** ****** *** ***** ** *** ****** ***** ***** ***** *** ***** according ** *** ****** *** ******* ***** *** *** ******** development ** **** considered ** macroeconomics (Johnstone, ** ******* ** ***** ** *****
Conclusion
*** ****** ** *** ******* ** **** determined ** *** ****** *** ****** ** customers ******* **** ***** ***** *** **** ** ** essential **** ******** preference ****** ** ***** importance ****** *** production ***** *** different categories ** ***** *** ****** ** **** forecasted *** ****** department ** ** ***** ** producers ** ***** ** **** ******* *** ****** ****** ***** **** *** ****** otherwise ***** ***** ***** discrimination *** ** ** ****** ** **** *** ****** ** ***** ***** *** ******* **** ******** ***** ***** *** ***** *** ** **** ****** (Klepper, ** ******** ** *****
References
Johnstone, ** ******* ** ***** ** ****** Renewable ****** ******** *** Technological Innovation ******** ***** ** ****** ****** Environmental *** ******** Economics, ** *** *******
******** ** ******** ** ****** ******* innovation *** industrial ******** ** introduction Industrial *** Corporate ******* ** *** ****-****
****** ** ****** ****** ****** Innovation ** ******** ******* Manchester Institute ** Innovation Research, **** ** Manchester, Manchester Price: $36.50

  • We offer what we promise and unlike others our support staffs are online 24/7. We guarantee money back if you do not get value for your Money.
  • The calculator below shall help you compute your pay for this assignment or any other assignment.
  • WE OFFER 6 HRS URGENT ORDERS AS WELL

Use DISCOUNT CODE DISC15 to enjoy 15% Discount on all orders while at the order page.
Do you need any clarifications ?????????
Contact our support staff ONLINE NOW via the CHAT.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: