Supply and Demand Simulation

Supply and Demand Simulation - Simulation Supply and Demand...

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Simulation 1 Supply and Demand Simulation Briget Wall ECO 360 Scott Cain January 17, 2006
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Simulation 2 Supply and Demand Simulation Atlantis is a comfortable community in which its citizens rent apartments. As the property manager of a property management firm in this simulation, apartment rates had to be adjusted along with the demand and supply of quantities available for rent. There were noticeable changes that took place in this simulation. Most changes occurred within the supply and demand of apartments. When more people started moving into the city of Atlantis to work, this in turn increased the number of apartments that were being demanded by the possible tenants. Price also had a hand in the number of apartments that were being rented. If the price was too high then that resulted in people looking to buy instead of rent. At any rental rate above the equilibrium, the quantity supplies is more than the quantity demanded resulting in vacant apartments. At any rental rate below equilibrium, the quantity demanded is more than the
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This note was uploaded on 04/27/2010 for the course MBA 128798 taught by Professor Jenings during the Spring '10 term at University of South Pacific.

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Supply and Demand Simulation - Simulation Supply and Demand...

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