In this essay the focus is on the Supply and Demand Simulation on the University of Phoenix online resource page for Economics. The questions that will be answered are the following:
1). What causes the changes in supply and demand in the simulation?
2). How do shifts in supply and demand affect your decision-making?
3). List four key points from the reading assignment that were emphasized in the simulation.
4). How can you apply what you learned about the concepts of supply and demand form the simulation to your workplace?
5). Summarize your results in the simulation.
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