Eco 365 Supply and Demand Simulation

What caused changes (please indicate if the changes are movements along or shifts) in supply in the simulation? |

What caused changes (please indicate if the changes are movements along or shifts) in demand in the simulation? |

Key point #1 emphasized in the simulation

Key point #2 emphasized in the simulation

Key point #3 emphasized in the simulation |

Key point #4 emphasized in the simulation

How is price elasticity of demand used in decision making by firms

Provide one example of how you can apply what you learned about supply and demand in the simulation to your workplace.

Outstanding work. Score: 10/10


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