Supply and demand simulation

The purpose of the supply and remove pretending was to help the light have a better comprehension of how supply and bring affects the market, particularly the housing market. This simulation familiarized the user by providing examples and real life situations on the supply and demand curves, wasting disease ceiling, and equilibrium. During this simulation, the user takes the role of a attribute theatre director for Goodlife Management, impelled in Atlantis. Goodlife Management owns and manages seven apartment complexes. It is the responsibility of the lie with motorbus to control rental runs and the apartments that are functional in Atlantis. In the first year as the lieu manager of the Goodlife apartments in Atlantis it was requested to decrease the vacancy enjoin to 15%. By decreasing the vacancy rate, the rental rate per schedule month also decreased. These changed increased the demand for apartments. The next tramp down in the simulation was to lease out much apartments. By doing so, the rental rate needed to be increased to $1550.00 per month to be able to provide for acceptable maintenance fees which were increased. The tierce step in the simulation was to find a period to the imbalance between the quantity supplied and the quantity demanded. In express to achieve a balance, the rental rate was lowered to $1050.00, which did non wooing the rates of the available apartments to change.

After being the property manager for twain years, Lintech, Inc, a new company started its line in the town of Atlantis. This brought many changes to the local area such as the demand of apartments and jobs, because of th! e increase in population. These changes brought on variableness in supply and demand within the area. The demand for apartments was gamy when Lintech locomote in, but the supply was not available. After two more years... This paper was very helpful in appreciation the simulation part of the assignment. It was extremely useful. If you want to get a just essay, order it on our website: OrderCustomPaper.com

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