...and advices as well as knowledge. Many different principals and concepts were covered in the similuation from both macroeconomics and microeconomics. The macroeconomics principals and concepts that were illustrated in the simulation were the city councels ntefereance with the housing market and the fact that the councle put a price ceileing on the housing rent. The city councle started regulating the housing prices and put a ceiling of $1550 which is a govenment interefierence and regulation thus making it a macroecnomics concept. There were quiet a few different microeconomics concepts that were used and illustrated in the simulation. Some of the microeconomic conepts were the fact of regusing the prices of the rental appartments and the vacany rates. These two are categorized as microeconomics because first there is no government interferens and second, the two principals are directly related to the current market in Atlantis and help understand the changes and patterens of that specific market. Moreover, not only did the simulation talk about general macroeconomics and icroeconomics concepts it also gave examples and in depth analysis of both the supply curve and the demand curve. The demand curve...
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