The simulation reviewed demonstrates the fact that, shifts in the demand and supply curve occurred due to the price modifications. The decrease in rental price of the apartments greatly affected the demand for the quantity of the available apartments. Conversely, the rental rates of the apartments increased the demand for the apartments. In order to stabilize the supply and demand, a shift either in supply or demand needs to take place.
Affordable rental rates facilitated the readiness of people to pay. In case the people were ready to pay, the suppliers were ready and willing to build more apartments. Therefore supply increased. It was the point where the shift in the supply curve occurred. Had there been a price shift, for example, the rental rates went up and at the same time the population declined in number, there would be a change in the equilibrium price and quantity. The situation therefore would be affected by these changes. In this case, though the prices would drop, the fall in the population would reduce the demand for apartments. This would result in a great number of apartments being vacant, leading to loss, thus a different resolution would have to be adopted.
Buy Free Custom «Supply and Demand Simulation» Essay Paper paper online
The resolution in this case would have to be the one that would have the supply and demand rise. Together with that it would have to meet the needs of the customer who would find potential clients. Needs and preferences of the customer define the supply and demand of goods and services in the market. Using the example of contemporary military organization, I will demonstrate the usability of supply and demand curve. For example, this organization needs to find a good and effective way to reduce its staff from 202,000 to 182,000 till 2016. To reach the goal and have the staff members retire by will, different offers are being introduced, such as variety of appealing programs to early retirement with benefits. Planning everything well and providing considerable benefits should attract a certain type of people that would accept the offer (supply). With anticipation that others would also accept the offer (demand) the organization would meet the deadline.
In this simulation, I learned how supply and demand can have benefit from a positive shift. It gives a solution for big companies or organizations like this one to meet its demands without losing capital. Every time the shift in supply or demand curve occurs, it takes good judgment and professional skill to recognize one’s competitor and come to a sound resolution.
Referring to the simulation, changes in the price of demand for goods influences the purchases of a customer, thus affects the pricing policies of the company. Customers are ready to pay the price for certain goods based on their preferences and the product availability. To conclude, the analysis demonstrates that the wise utilization of supply and demand laws in the company could greatly improve the company’s performance and stability.
FREE Extras:
- FREE revision (within 2 days)
- FREE title page
- FREE bibliography
- FREE outline (on request)
- FREE e-mail delivery
- FREE formatting
We Guarantee:
- Quality research and writing
- 24/7/365 Live support
- MA, BA, and PhD degree writers
- 100% Confidentiality
- No hidden charges
- Never resold works
- Complete authenticity
Paper Format:
- 12 pt. Times New Roman
- Double-spaced/Single-spaced papers
- 1 inch margins
- Any citation style
- Up-to-date sources only
- Fully referenced papers
Related Economics essays
0
Preparing Orders
0
Active Writers
0%
Positive Feedback
0
Support Agents
Dissertation chapter - Literature ..., 4 pages
This writer is perfection at its best. She reads and follows the instructions and completes assignments promptly to assist you in completing the assignment on time. So happy I found this writer. She is 5-star plus!!
John R., USA
9:32 AM, Feb 17, 2025
Blog Article, 4 pages
great paper as usual
Kristen P., USA
7:42 AM, Feb 17, 2025
Literature Review, 9 pages
1 paragraph short of 2 pages
Gea E., USA
7:22 AM, Feb 17, 2025
Revision, 14 pages
it was a amazing essay thx so much
Bhupendra A., Australia
6:49 AM, Feb 17, 2025
Dissertation chapter - Hypothesis, 11 pages
This's a good writer done my work in before the due time, which gave time to read and no stress.
Viet P., USA
8:42 PM, Feb 13, 2025
Research proposal, 5 pages
Great paper and got it before due date!
Hieu P., USA
11:09 PM, Feb 17, 2025
Literature Review, 8 pages
Better than the last, but again offline and could not do a revision. I did it myself. Attention to details is an effective part of writing, just saying.
Jannette V., USA
9:01 PM, Feb 17, 2025
Poem, 9 pages
Recieved paper early and had great knowledge!
Avetis K., Indonesia
6:36 PM, Feb 17, 2025
Discussion Board Post, 15 pages
good writer and did meet the timeline
Lisa G., USA
3:36 PM, Feb 17, 2025
Marketing Plan, 18 pages
perfect, but reply too slow
Jonathan R., Japan
3:13 PM, Feb 17, 2025
Dissertation chapter - Literature ..., 4 pages
This writer is perfection at its best. She reads and follows the instructions and completes assignments promptly to assist you in completing the assignment on time. So happy I found this writer. She is 5-star plus!!
John R., USA
9:32 AM, Feb 17, 2025
Blog Article, 4 pages
great paper as usual
Kristen P., USA
7:42 AM, Feb 17, 2025
Literature Review, 9 pages
1 paragraph short of 2 pages
Gea E., USA
7:22 AM, Feb 17, 2025
Revision, 14 pages
it was a amazing essay thx so much
Bhupendra A., Australia
6:49 AM, Feb 17, 2025
Dissertation chapter - Hypothesis, 11 pages
This's a good writer done my work in before the due time, which gave time to read and no stress.
Viet P., USA
8:42 PM, Feb 13, 2025
Research proposal, 5 pages
Great paper and got it before due date!
Hieu P., USA
11:09 PM, Feb 17, 2025
Literature Review, 8 pages
Better than the last, but again offline and could not do a revision. I did it myself. Attention to details is an effective part of writing, just saying.
Jannette V., USA
9:01 PM, Feb 17, 2025
Poem, 9 pages
Recieved paper early and had great knowledge!
Avetis K., Indonesia
6:36 PM, Feb 17, 2025
Discussion Board Post, 15 pages
good writer and did meet the timeline
Lisa G., USA
3:36 PM, Feb 17, 2025
Marketing Plan, 18 pages
perfect, but reply too slow
Jonathan R., Japan
3:13 PM, Feb 17, 2025