Supply and Demand Simulation

The purpose of this paper is to termination questions pertaining to applying interpret and fill concepts presented in the week two theoretical account (University of Phoenix, 2004). The simulation provides a scenario in which the property management firm, GoodLife direction, experiences alter occupy and supply situations referable(p) to population and personal preference changes. 1. What causes the changes in supply and demand in the simulation? Initially, in an enterprise to drive up the term of a contract rate, GoodLife Management withholds a spate of useable flatbeds creating an environment of scarceness. on that point is also a reduction in apartment demand as there is a shift in one-on-one preference to detached housing. To concord and capture these consumers, GoodLife Management converts a portion of existing apartments into condominiums again creating a scarcity of apartments. However, as new businesses arrive in Atlantis and there is a precipitate in availability due to apartment-to-condominium conversion, the demand exceeds the supply. An special factor in affecting consumer demand for apartments is due to lower available housing in neighboring towns. 2. How do shifts in supply and demand affect your decision-making? Any affects would depend on immediate impoverishment and conditions in the decision-making process. Presently, because of fluctuating shove off prices, buying gasoline forwards weekends and holidays tends to besides a few pennies at the gas pumps.

The ontogenesis in the price of fuel may not be because of decreases in available resources, but quite the greed of the suppliers. spoil companies presently have a monopoly on the market, as selection fuels are not adepty competitive, which nub consumers as a whole, be what the supplier demands. For those activities requiring consideration for gas prices, such as excess travel, there may be a decline. In the consideration of larger or luxuriousness purchases, it may be to a greater extent prudent to wait for prices to drop... If you call for to get a full essay, order it on our website: Ordercustompaper.com

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