Supply & Demand Discussion Assignment

Supply & Demand Discussion

This discussion utilizes simulations so you can experiment with the demand curve, supply curve, and changes in equilibrium.

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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”
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”
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”
Summarize your experience with the simulation in one paragraph. Did it help you understand changes in equilibrium?

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