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Essay

Supply And Demand Simulation

Essay specific features

 

Issue:

Business

 

Written by:

Florence T

 

Date added:

October 31, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1324

 

Was viewed:

8754 times

 

Rating of current essay:

 
Essay content:

Supply and demand within the simulation were manipulated by the rates charged for the rentals, the economy, income, and personal choice. All of these characteristics affect the proportion of vacant as well as occupied apartments. Simulations In the beginning of the simulation GoodLife Management held the monopoly in Atlantis on two-bedroom apartments and therefore could lower the rent to increase quantity demand and increased the revenue for the property management company...
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This move ultimately resulted in a low vacancy rate in the apartments. After the revenue reaches maximum, demand then decreases. The solution is to decide at what level the rental rate presents the highest possible returns with a low vacancy rate. The next section of the simulation presented the concept of the supply curve to exhibit the price necessary to lease all the offered apartments...
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General issues of this essay:
SUPPLY AND DEMAND SIMULATION Simulation On Supply And Demand Supply And Demand Simulation Supply And Demand Simulation Supply and Demand Simulation Supply and Demand Simulation Supply and Demand Simulation Supply, Demand, and Price Supply, Demand, and Price supply, demand, and price change Supply and Demand Simulation ECO360 Supply & Demand Simulation Supply Demand Price Supply and Demand Simulation Supply, Demand and Price
 

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