Complete the Supply and Demand Simulation located on the student website. Write 700 - 1,050-word paper of no more than summarizing the content. Address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. • Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?

1. TO Purchase this Tutorial Visit
or you can also search the tutorial on
Complete the Supply and Demand Simulation
located on the student website.
Write 700 - 1,050-word paper of no more than
summarizing the content. Address the following:
Identify two microeconomics and two
macroeconomics principles or concepts from the
simulation. Explain why you have categorized
these principles or concepts as macroeconomic
or microeconomic.
Identify at least one shift of the supply curve and
one shift of the demand curve in the simulation.
What causes the shifts?
For each shift, analyze how it would affect the

2. equilibrium price, quantity, and decision
making.
How may you apply what you learned about
supply and demand from the simulation 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 the 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?
Relating to the simulation, explain how the price
elasticity of demand affects a
consumer’spurchasing and the firm’s pricing
strategy.
Format your paper consistent with APA
guidelines.