Abstract The computer simulation titled Applying show and Demand Concepts was an fare in evaluating the room that tot up and requirement strike each opposite and change the curve and direction of the shift while memory balance or equilibrium. The line of work at was to complete the scenarios and evaluate how the changes in the demand and supply changed the substance the company did business. The final task was to find a way that this information can be of use in my institutionalize of work. Supply and Demand Simulation Introduction In the simulation Applying Supply and Demand Concepts the regional property manager, Hal Morgan of Good lifespan commission, indirect requests to plus the demand for their two-bedroom temporary month-to-month term of a contract sends in Atlantis. The supply and demand shifts during the septet class period used in the simulation. I lead be discussing the changes that occur and how that will affect the balance in the supply and demand curves. Scenario One There are some(prenominal) changes in the supply and demand shown and causes for each. In the first year the lease rate must be reduced to development the demand even though Good life heed holds a monopoly in this area. To do this we need to lower the rental rate to $1050.00 a month. This brings the occupancy rate down from 28 % to 15% and income will be at 1.
79 million dollars. The apartments demanded at once rises to 1700 as the price of the two-bedroom apartments fall to the rate of $1050.00 with a surplus of 300. Scenario Two Scenario two has Hal Morgan of Good Life Management wanting to growth the accredited rental rate from $1! 100.00 to $1550.00 a month. At the current rental rate it is not fat to rent come in all apartments with the maintenance be that will accrue. To lease out... If you want to get a integral essay, order it on our website:
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