Economics for Business I / ECO 360 May 29, 2006 Supply and Demand Simulation The Economics for Business I course is intended to teach students the basics of economics and how it affects each individuals personal life as well as in the workplace. Within the rim of the course it also teaches students how supply and demand works and what factors in the economic sector causes changes within this segment. Being able to understand those factors allows individuals to be more prepare when shifts in the supply and demand occurs, which in turn will allow them to make more appropriate decisions regarding a particular situation. The supply and demand simulation demonstrated just that. The simulation illustrated how shifts in the supply and demand can affect your decision-making as well as some factors that can cause the changes. In the supply and demand simulation there were several different scenarios in which I, the property manager of Goodlife management, the only property management firm in the city of Atlantis, had to determine the monthly rate of a two-be......

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