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: â€¢ Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video. â€¢ Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics. â€¢ Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video. â€¢ Explain what causes the shifts, and how each shift affects the price, quantity, and decision making. Include responses to the following: â€¢ 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? â€¢ How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity? â€¢ How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? â€¢ 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
We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique.
FALL 2018 HOMEWORK HELP| ASSIGNMENT HELP,…