Assignment:
Supply & Demand Problem: Using the link provided (copy & paste the link to internet adress bar):
https://mycampus.phoenix.edu/secure/resource/vendors/tata/UBAMsims/economics1/economics1_supply_demand_simulation.html
A. Access the Supply and Demand simulation.
b. Prepare a 700-word paper summarizing the content in the simulation. In the paper, be sure to answer the following:
1) What causes the changes in supply and demand in the simulation?
2) How do shifts in supply and demand affect your decision-making?
3) List four key points from the reading assignments that were emphasized in the simulation.
4) How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?
5) Summarize your results of the assessment for your instructor.