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03

Supply and Demand Simulation

   
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Title: Supply and Demand Simulation
 
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Subject: History
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Date: May 15, 2004
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Length: 3 / 733
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The simulation is based on supply and demand and is very helpful in understanding the different factors that can affect it. Equilibrium is when the quantity demanded equals the quantity supplied. The simulation showed if prices were below equilibrium, the quantity of apartments demanded exceeded the quantity available and caused a shortage in the number of available apartments...
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The simulation showed if prices were below equilibrium, the quantity of apartments demanded exceeded the quantity available and caused a shortage in the number of available apartments. This affect also causes the price of the rental apartment to increase...
Showed next 250 characters

 
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