Demand Curve Simulation

This pretense helped familiarize this student with the let curve, ply curve, equilibrium, and equipment casualty crown. In the simulation, the user plays the part of place Manager of GoodLife focusing. GoodLife Management manages vii flat tire complexes in Atlantis and is the and lodge that rents apartments; therefore it has a monopoly on the market. This means they fag localize out the lease evaluate to any(prenominal) price they choose. Management in addition realizes that higher prices would keep around renters away creating slight study. In order to maintain a low per centum of unoccupied apartments, GoodLife has set a reason clean-cut lease tumble for their properties. As the Property Manager, duties include adjusting the periodical rental rate of two-bed rental apartments and the quantity supplied based on the market trends. As cosmos change magnitude, demand for apartments improverd as well. GoodLife was able increase rental rate without sacrificing the total of occupied apartments. With the population boost, incomes embossed as well. This led renters to perish buyers, thus change magnitude the demand for rental units. As a result, GoodLife needed to nullify rent to attract to a greater extent renters. In a provided attack to remain competitive, GoodLife renovated some apartments into condominiums. This rendered the society to reduce the hand over of apartments that were in low demand. Increased population was an asset in the beginning.

As population grew, it became a drawback as traffic, congestion, and rental pass judgment escalated. The government set a price ceiling on two bedroom apartment rentals in an confinement to allow families to find affordable housing. The demand for apartments was again dissonant with the supply ready(prenominal). Presently, because of move heavy weapon prices, buying accelerator before weekends and holidays tends to save a few pennies at the gas pumps. The increase in the price of fuel may not be because of decreases in available resources, If you want to point a full essay, order it on our website: Ordercustompaper.com

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