Microeconomics and the Laws of Supply and Demand 

Microeconomics and the Laws of Supply and Demand 

Watch the Khan Academy Video "Changes in Market Equilibrium" located in the Week 1 Khan Academy Videos.

Write a 1,200-word paper summarizing the content of the simulation and address the following: 

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.

Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.

Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.

Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following: 

How might you apply what you learned about supply and demand from the simulation/video 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 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?

How does the price elasticity of demand affect a consumer's purchasing and the firm's pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

THE VIDEOS ARE:

https://www.youtube.com/watch?v=8JYP_wU1JTU

https://www.youtube.com/watch?v=ShzPtU7IOXs

https://www.youtube.com/watch?v=3xCzhdVtdMI

https://www.youtube.com/watch?v=PEMkfgrifDw

https://www.youtube.com/watch?v=NgPqyM3I_8o

https://www.youtube.com/watch?v=slP8XZ6Nq40

https://www.youtube.com/watch?v=YOT8ryWzwbY

Let me know if you can help me with that.

I PAY $25.00

I need for tomorrow no more late than 8pm

100 % Original

0Plagiarism