{"id":174185,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/microeconomics-and-the-laws-of-supply-and-demand"},"modified":"2018-10-24T09:31:59","modified_gmt":"2018-10-24T09:31:59","slug":"microeconomics-and-the-laws-of-supply-and-demand","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/microeconomics-and-the-laws-of-supply-and-demand\/","title":{"rendered":"Microeconomics and the Laws of Supply and Demand"},"content":{"rendered":"<p><a href=\"https:\/\/www.studypool.com\/uploads\/questions\/0\/20151023023236week_2__eco_365.docx\" rel=\"nofollow noopener\" target=\"_blank\">Week 2 ECO 365.docx<\/a><\/p>\n<p><b>Write<\/b>&nbsp;a 1,050- to 1,400-word paper summarizing the content of a simulation or video.<\/p>\n<p>Use one of the following as a reference source:<\/p>\n<p><b>Complete<\/b>&nbsp;the Supply and Demand Simulation located on the student website.<\/p>\n<p>-AND-<\/p>\n<p><b>Watch<\/b> the Khan Academy Video &#8220;Changes in Market Equilibrium&#8221; located in the Week 1 Khan Academy Videos.<\/p>\n<ul>\n<li><b>Identify<\/b>&nbsp;two microeconomics and two macroeconomics principles or concepts from the simulation.<\/li>\n<li><b>Explain<\/b>&nbsp;why you have categorized these selected principles or concepts as microeconomics or macroeconomics.<\/li>\n<li><b>Identify<\/b>&nbsp;at least one shift of the supply curve and one shift of the demand curve in the simulation.<\/li>\n<li><b>Explain<\/b>&nbsp;what causes the shifts, and how each shift affects the price, quantity, and decision making.<\/li>\n<li><b>Include<\/b>responses to the following:&nbsp;\n<ul>\n<li>How might you apply what you learned about supply and demand fromthe simulation\/video to your workplace or your understanding of areal-world product with which you are familiar?<\/li>\n<li>How do the concepts of microeconomics help you understand thefactors that affect shifts in supply and demand on equilibrium price andquantity?<\/li>\n<li>How do the concepts of macroeconomics help you understand thefactors that affect shifts in supply and demand on the equilibrium priceand quantity?<\/li>\n<li>How does the price elasticity of demand affect a consumer&#8217;spurchasing and the firm&#8217;s pricing strategy as it relates to thesimulation?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Cite <\/b>a minimum of 3 peer reviewed sources.<\/p>\n<p>There is also a simulation, I have it on a zip file, but don&#8217;t know how to attach to the question.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week 2 ECO 365.docx Write&nbsp;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&nbsp;the Supply and Demand Simulation located on the student website. -AND- Watch the Khan <a href=\"https:\/\/www.benedictsol.com\/blogs\/microeconomics-and-the-laws-of-supply-and-demand\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-174185","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/174185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=174185"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/174185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=174185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=174185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=174185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}