What factor caused movement along the supply curve in the simulation?

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Week 2 Individual Assignment

What factor caused movement along the supply curve in the simulation?

Please include the graph of a movement along the supply curve. Refer to our textbook please.

What factor caused shift of the supply curve in the simulation?

Please include the graph of a shift in the supply curve. Refer to our textbook please.

What factor caused movement along the demand curve in the simulation?

Please include the graph of a movement along the demand curve. Refer to our textbook please.

What factor caused a shift of the demand curve in the simulation?

Key point #1 emphasized in the simulation

Key point #2 emphasized in the simulation

Key point #3 emphasized in the simulation

Key point #4 emphasized in the simulation

How is price elasticity of demand used in decision making by firms. Look at pp. 166-167 in textbook.

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