+1835 731 5494 Email: instantessays65@gmail.com

ECO 365 ECO 365 ECO/365 Week 2 Assignment Microeconomics

$12.99

ECO 365 Week 2 Assignment Microeconomics and the Laws of Supply and Demand Complete the Supply and Demand Simulation located on the student website. -OR- Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos. Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video. • 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/video. • Explain what causes the shifts, and how each shift affects the price, quantity, and decision making. Include responses 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/video? Cite a minimum of 3 peer reviewed sources. Click the Assignment Files tab to submit your assignment. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help

Reviews

There are no reviews yet.

Be the first to review “ECO 365 ECO 365 ECO/365 Week 2 Assignment Microeconomics”

Your email address will not be published. Required fields are marked *