Supply and Demand – Good Life Property Management ECO 360, Economics for Business I

Supply and Demand ? good life space anxiety this subject examines the economic phenomenon of supply, beg and labyrinthine sense. Using the fictional organization of GoodLife proportion Management in the town of Atlantis, the publisher depart tally how the supply and demand curve is employ to determine the symmetricalness in the grocery store for the lease of two-bedroom apartments. In addition, the paper will determine the difference between motion along the tilt of the demand and supply curves which includes the determination of how counterpoise is re-established after the curves shift. The propose of this simulation is to understand how the apartment mart is affected by supply and demand. Decisions regarding supply, demand and market equilibrium require blow-by-blow consideration. Many factors affect supply and demand such as preference, expectations, income, and lease sum ups. In consecrated order to make sure decisions the berth double-decker essential continually monitor supply, demand and manufacturing trends in order to wait competitive in nowadays?s high performance, highly competitive environment. In order to make these decisions the Property motorbus of GoodLife Management will bet on his organizations experts, Susan Hearst, subject Property Manager, and Hal Morgan, Regional Property Manager, to serve well make informed decisions when adjusting the monthly rental rates and quantities supplied of two-bedroom apartments.

GoodLife, as the only familiarity offering apartments in the Atlantis area, currently has a monopoly on the market and can set the rent al rate at their discretion. First, Susan He! arst, National Property Manager, has recommended that the vacancy rate be brought down to nearly 15%. In addition she has communicate that the Property Manager maximize revenue. Understanding that the higher prices whitethorn keep whatsoever renters away Hal Morgan, Regional Property Manager, has recommended that the rental rates be lowered. The demand curve for the apartments is an imaginary confines at a point in time?... If you compulsion to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay