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Essay Instructions: Supply and Demand and Price Elasticity Paper

? Resources: Principles of Economics textbook and Tomlinson Economics Videos
? Review the following Tomlinson Economics Videos available on the Web site: http://custom.cengage.com/static_content/OLC/6/data/index.html

o Demand (4.2-1 to 4.2-5)
o Supply (4.3-1 to 4.3-5)
o Putting Supply and Demand Together (4.4-1 to 4.4.-3)

? Write a 700 word paper summarizing the content presented in the videos. In the paper, be sure to address the following:

o Explain what causes changes in supply and demand.
o Determine how changes in price and quantity influence market equilibrium.
o Describe how the necessity of a good and the availability of substitutions affect price elasticity.
o Compare and contrast market systems and the role of an economist within these systems.
Please attached chapter as one of the reference. Also, please the paper simple so I am unable to understand. English is my second language.

Essay Instructions: Supply and Demand Simulation
complete the Supply and Demand simulation. Based on your learning, reading, and on the simulation, prepare a 900-1,050-word paper summarizing the content. In the paper, be sure to address the following:
a. What causes the changes in supply and demand in the simulation?
b. How do shifts in supply and demand affect your decision making?
c. List four key points from the reading assignments that were emphasized in the simulation.
d. How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace?
e. Determine how price elasticity of demand affects the decision making of the consumer and of the organization.
f. Summarize your results of the assessment f

There are faxes for this order.

Essay Instructions: Complete the Supply and Demand Simulation located on the student website.
(https://ecampus.phoenix.edu/secure/aapd/vendors/tata/UBAMsims/economics1/supply_demand/economics1_supply_demand_frame.html).

Write a 750 word paper summarizing the content. Address the following:

? Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.

? Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?

? For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.

? How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?

? How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

? How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

? Relating to the simulation, explain how the price elasticity of demand affects a consumer?s purchasing and the firm?s pricing strategy.

Format your paper consistent with APA guidelines.

Essay Instructions: -Draw the supply and demand curve, label the axis's, curves and graph itself
-Shift the supple curve. With substitute and complimentary goods, two graphs may be required.
-Give a reason for the shift.

1. It's days before Halloween, what has happen to the price and quantity of Halloween costumes? Is there a movement or a shift, why? Graph and explain the relationship.

2. Show graphically and explain in writing how the following demand and supply curves are likely to shift in response to the indicated changes:
a) The effect on the demand curve for airline tickets immediately after the September 11 tragedy.
b) The effect on the demand curve for Coors light when the price of Bud light declines (substitutes).

First, graph the supply and demand curves then show the changes in a and b above regarding quantity and price.

3. The price of natural gas has been going down for a few years. Graphically show and then explain what has occurred and why (reason for shift)? You can make up a reason as well as long as you support it.

4. The price of chicken wings go up during the super bowl. Graph and explain what has happen and why. What curve shifts and what curve is there a movement on? Only one curve is allowed to shift in these examples.