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Supply and Demand Simulation

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Title: Supply and Demand Simulation

Essay Details:

Subject: Business

Author: Angela P

Date: January 31, 2015

Level: University

Grade: A

Length: 4 / 1175

Essay text:

Factors that influence the supply and demand for apartments include personal preferences, economy, income, and rental rates. Each of these factors affect the ratio of vacant and occupied apartments. Decisions regarding supply, demand, and price require careful evaluation. Regular monitoring of supply and demand is necessary to remain competitive in a crowded rental market. As the community grows, GoodLife must make adjustments to remain viable in the real estate industry. The objective of the first simulation was to determine the monthly rental rate for two-bedroom apartments on temporary leases...

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