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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
2 / 519 |
Essay's paper body
Maybe I should use this simulation to show my boss that my hourly rate should increase.
Conclusion
The supply and demand model can be applied to any product or service that has a place in the market. When a two-bedroom apartment is commanding a higher price on the market more quantity will become available to take advantage of potential profits...
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When a two-bedroom apartment is commanding a higher price on the market more quantity will become available to take advantage of potential profits. Inversely, when the demand is soft and the price is lower, fewer two-bedroom apartments will be supplied to avoid taking a loss on the rental rate.
References
University of Phoenix Supply and Demand Simulation
Essay fragment
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