Applying Supply And Demand Simulation Paper
Applying Supply and Demand Simulation
ECO/365
University of Phoenix
December 08, 2008
What causes the changes in supply and demand in the simulation?
If the availability of the apartments were good and in a preferred location, this could have a direct effect on the increase in demand. When consumers look for a place to live the size of the home is crucial in their decision making as well of the economic conditions in the area. With the location, size and economic conditions all factoring into the decisions, the price of the apartments must be determined accordingly. The amount of rent a tenant must pay is usually fixed by the property owners and contracted out based on or determined by the supply and demand of the area where they are located. The amenities of the property and the stipulations in the......
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Approximate Word Count: 790
Approximate Pages: 4 (250 words per double-spaced page)
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