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Essay

Cause of Supply and Demand

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Scott C

 

Date added:

December 20, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 716

 

Was viewed:

8951 times

 

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Essay content:

During year one as property manager for Good life property as decision maker I have decided in effort to reduce the vacancy rate the rental rate was reduced $1000 and the vacancy rate was reduced to ten percent. Although at rental rate of $1000 per month, there were tenants for 1800 apartment, leading to vacancy rate of ten percent and surplus of 200 apartments...
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Although at rental rate of $1000 per month, there were tenants for 1800 apartment, leading to vacancy rate of ten percent and surplus of 200 apartments. The revenue at given rental rate was $1.8 million which was below the maximum possible dollar amount. Shift in Supply and Demand In scenario two of this simulation the shift in supply and demand has changed my decision from reducing the rental rate to increasing the rental rate as good life property management requested from local property managers to lease out the entire vacant apartments and in order to increase the revenue...
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