Atlantis Simulation Supply and DemandIn economics two of the most constitutional concepts are preparation and adopt. According to Gurun et al, the law of communicate and solicit ?predicts that the price level will move toward the point that equalizes quantities supplied and fill? (2007, para. 3). In the assigned pretense students are asked to play the fibre of a real estate manager and figure issue how to use supply and demand curves to determine the equilibrium in the market for two bedroom apartments. In this idea the by-line topics will be explained or addressed: what causes the forms in supply and demand, how shifts in supply and demand affect decision making, draw points from readings emphasized in simulation, how to apply what was learned about the concepts of supply and demand in the simulation to my workplace. In addition on that point will be a summary of details in years 1-9.
Atlantis ApartmentsThe causes of the changes in supply and demand in the simulation are various and many as the simulation goes on. The offshoot power was monthly rental rates. This problem seems to be everlasting throughout the scenario and fluctuated in every case. Another reason for the change was the number of apartments. This is an obvious problem for an apartment management community. not having enough or a surplus of available apartments is a part of supply and demand. The next cause that was apparent was when the company Lintech Inc. came to Atlantis.
Lintech decided to make Atlantis its hub. Because of this the city of Atlantis was set for an increase in population and in effect increases the demand for apartments. Another reason for change is competition from another company, Oakridge which sells detached homes. This affects supply and demand by having a surplus in the market which exerts...
This paper was well written and helped me understand what the simulation questions are communicate for. This was a very helpful guide to my own paper.
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