The simulation begins in the city of Atlantis, which uses two bedroom apartments for rent and the effect the supply and demand circle has on those rentals and their respective worth through various scenarios. Good Life Mgmt. is a property management organization that controls and manages the apartment rentals in Atlantis. Good Life has a monopoly in the market in Atlantis since it is the only company who manages rentals in the city at this time. The only “rival” or competitor or “closest substitute is rental detached homes, provided by Oakridge Builders” (Apollo Group, Inc. 2003)

Atlantis is a city with over 2,000 two bedroom rental apartments. The town has a healthy population and its growing. There are quite a few people who are renting these apartments, and that number is growing as well. It is very important to be aware of the situation that is occurring in the local economy of Atlantis, and it is equally important to stay abreast to developments in both macroeconomic and microeconomic perspectives. On the subject of microeconomic perspectives, it is important to understand how the residents of Atlantis will be affected by the supply and demand of these rental apartments. If the rates of these apartments are rise even slightly, would people be capable of making the necessary adjustments and be able to make rent in these apartments?

Macroeconomics incorporates the economy as a whole. In the beginning of the simulation, the town of Atlantis had a healthy population with individuals and couples renting these units. However, when Good Life Company came to Atlantis, the demands for two-bedroom apartments rose with the growing population. A real increase in demand usually leads to a real increase in amounts demanded by consumers and a real positive change in supply as realtors’ location themselves to take advantage of the advanced prices. The economy as a