Supply & Demand Discussion
Supply & Demand Discussion This week’s discussion utilizes simulations so you can experiment with the demand curve, supply curve, and changes in equilibrium. Assignment Objective Analyze the factors that cause the demand curve and supply curve to shift. Determine changes to equilibrium price and equilibrium quantity when a curve shifts. Directions Pick ONE of the three options… Option 1: Practice applying your knowledge of demand by playing the “Simulation: Demand for Food Trucks” (Links to an external site.) Links to an external site. . Summarize your experience with simulation in one paragraph. Did it help you understand demand? Explain the non-price factors that cause the demand curve to shift. Include a few examples in your explanation. OR Option 2: Practice applying your knowledge of supply by playing the “Simulation: Supply of Food Trucks” (Links to an external site.) Links to an external site. . Summarize your experience with simulation in one paragraph. Did it help you understand supply? Explain the non-price factors that cause the supply curve to shift. Include a few examples in your explanation. OR Option 3: Practice applying your knowledge of equilibrium by playing the “Simulation: Food Trucks and Changes in Equilibrium” (Links to an external site.) Links to an external site. . Summarize your experience with the simulation in one paragraph. Did it help you understand changes in equilibrium?
