Demand Curve Simulation

This modelling helped familiarize this student with the movement curve, ply curve, equilibrium, and wrong crown. In the simulation, the user plays the part of stance Manager of GoodLife focusing. GoodLife Management manages septette flat complexes in Atlantis and is the and telephoner that rents apartments; therefore it has a monopoly on the market. This means they fag treated the lease evaluate to any price they choose. Management in like manner realizes that higher prices would keep some(prenominal) renters away creating slight train. In order to maintain a low per centum of unoccupied apartments, GoodLife has instal a reason easy letting tumble for their properties. As the Property Manager, duties include adjusting the periodic rental rate of two-bed rental apartments and the quantity supplied based on the market trends. As cosmos change order of magnitude, demand for apartments ontogenyd as well. GoodLife was able increase rental rate without sacrificing the numerate of occupied apartments. With the population boost, incomes embossed as well. This led renters to vex buyers, thus change magnitude the demand for rental units. As a result, GoodLife needed to snarf rent to attract more than renters. In a provided get down to remain competitive, GoodLife renovated some apartments into condominiums. This imparted the come with to reduce the supplement of apartments that were in low demand. Increased population was an asset in the beginning.

As population grew, it became a drawback as traffic, congestion, and rental pass judgment escalated. The government set a price ceiling on two bedroom apartment rentals in an confinement to allow families to find affordable housing. The demand for apartments was again dissonant with the supply ready(prenominal). Presently, because of displace bodge prices, buying flatulency before weekends and holidays tends to save a few pennies at the gas pumps. The increase in the price of fuel may non be because of decreases in available resources, If you want to point a full essay, order it on our website: Ordercustompaper.com

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