Expert answer:Microeconomics and the Laws of Supply and Demand

Uncategorized

Answer & Explanation:Week 2 ECO 365.docx Write a 1,050- to 1,400-word paper summarizing the content of a simulation or video.
Use one of the following as a reference source:
Complete the Supply and Demand Simulation located on the student website.
-AND-
Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.
Identify two microeconomics and two macroeconomics principles or concepts from the simulation.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.Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.Includeresponses 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?
Cite a minimum of 3 peer reviewed sources.There is also a simulation, I have it on a zip file, but don’t know how to attach to the question.
week_2__eco_365.docx

week_2__eco_365.docx

Unformatted Attachment Preview

Week 2 ECO 365
Week 2 ECO 365
…
Purchase answer to see full
attachment

How it works

Paste your instructions in the instructions box. You can also attach an instructions file
Select the writer category, deadline, education level and review the instructions
Make a payment for the order to be assignment to a writer
Download the paper after the writer uploads it

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades

Continue to order Get a quote

Place your order

Type of paper

Academic level

Deadline

Pages (550 words)

Approximate price: $22

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.