controlling all of the seven apartment complexes in the city of Atlantis. For the 9 year period in the simulation the housing market had many ups and downs because of businesses moving into the area bringing an increased amount of jobs‚ the change in consumer preferences and company expectations‚ and the policy changes induced from the government. What causes changes in supply and demand in the simulation? In year one GoodLife Management wanted to fill the apartments with a less than 15 percent
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3.4.1 Overview of Vinhomes Golden River Recently‚ there are a lot of huge projects for apartments and luxury apartments which in Grade I. In this research‚ I choose Vinhomes Golden River (VGR)‚ a premium complex residential which include apartments‚ villas‚ and offices. VGR will be constructed on the Ba Son grounds along the Saigon River‚ in the heart of District 1. Together with Tan Cang‚ the Ba Son area is part of Zone 3 of the planned new Center for Ho Chi Minh City (HCMC). Moreover‚ VGR also
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This paper examines the economic factor at work in supply and demand of rental apartments in the city of Atlantis. Acting as the property manager for GoodLife Management in Atlantis‚ the simulation asks the user to make pricing and supply decisions based on changes in the market. Changes in price‚ population‚ average salaries‚ tastes‚ and government regulations all affect the market in a number of ways. Decisions affected by Changes in Supply and DemandThe first decision is what price to set the
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QUESTION 1 The demand for the apartments around that particular area will be relatively inelastic. When demand is relatively inelastic‚ a large amount of change in the price will still cause a small amount of change in the quantity. Assume that if there is a large amount of decrease in the price‚ it will only cause a small amount of increase in the quantity because the demand is relatively inelastic. Thus‚ the demand curve will be steeper. The factors that will cause the demand to be
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the quantity demand of its rented apartments only by reducing the rental rate. The supply curve is upward sloping‚ and quantity supplied increase with an increase in price- that is‚ as you move up the supply curve. An increase in rental rate would cause GoodLife to lease out more apartments. Demand and supply are not static: various factors cause them to increase or decrease. For instance‚ and increase in population caused demand for GoodLife’s two bedroom apartments to increase‚ but a change in preferences
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town of Atlantis. GoodLife Management manages seven apartment complexes in Atlantis. The property manager is expected to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market trends. Factors that influence the supply and demand for apartments include personal preferences‚ economy‚ income‚ and rental rates. Each of these factors affect the ratio of vacant and occupied apartments. Decisions regarding supply‚ demand‚ and price require
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couch caught on fire inside his apartment. The following day a neighbor calls 9-1-1‚ fireman Jason Blubaum responds via person vehicle. With the landlords permission he searches the apartment and confirms that there is no further danger. He leaves the apartment‚ in about 5 minutes battalion chief Aaron Watson and engine-company arrive non-emergency. Jason informed him of what happened and was sent home. The landlord asks the battalion chief to check the apartment again. He goes accompanied with
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who knows the standard of apartment we are looking for‚ it is less likely something will go wrong. 1.3 The sources of information and facilities that are used to make travel or accommodation arrangements. When arranging accommodation‚ I am given a brief‚ via email‚ which holds details of what type of apartment is needed‚ how many bedrooms‚ location‚ duration of stay‚ arrival times etc. I use this information to relay to the vendor‚ via email‚ the details of the apartment needed‚ the vendor will
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of completing the demand and supply simulation and then discussing his thoughts on several questions presented before him. These questions deal heavily on microeconomics and macroeconomics with regards to managing approximately 3000 two bedroom apartments and their rentals. Your author will now address the questions as they were presented before him. Identify two microeconomics and two macroeconomics principles or concepts from the simulation. To begin‚ your author feels compelled to first give
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Homeownership and Apartment Rental Toma Long-Leonard ENG 121 English Composition I Instructor: Michaela Vargas 7/11/12 How does a person decide whether they want to live in an apartment or become a homeowner? There are some major similarities and differences when making the decision to give up your apartment and purchase your first home. Some people enjoy the perks of having their own home while others prefer to live in the comfort of an apartment. Linda wanted to purchase her first home once
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