In your initial post, include the image (screenshot) of your simulation report in your response Then, address the following questions Based on the outcome of the simulation, was the sale price you set the same as the equilibrium price Refer to the supply and demand model to explain why they might be different Imagine that you own your own business How would price elasticity of demand impact the pricing decisions of your business What are the determinants of price elasticity of demand Identify at least three examples SELLER Market Closed My Summary Orders Transactions Unit Cost Price Earnings $0 50 $1 49 $0 99 2 $0 75 $1 38 $0 63 3 $1 00 $1 13 $0 13 Total Earnings $1 75 fSELLER Market Closed My Summary Orders Transactions Unit Cost Price Earnings $0 50 $1 28 $0 78 N $0 75 $1 23 $0 48 3 $1 00 $1 11 $0 11 Total Earnings $1 37

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Question: In your initial post, include the image (screenshot) of your simulation report in your response. Then, address the following questions: Based on the outcome of

In your initial post, include the image (screenshot) of your simulation report in your response. Then, address the following questions:

Based on the outcome of the simulation, was the sale price you set the same as the equilibrium price? Refer to thesupply and demand modelto explain why they might be different.
Imagine that you own your own business. How would price elasticity of demand impact thepricing decisionsof your business?
What are thedeterminants of price elasticityof demand? Identify at least three examples.

in your response. Then, address the following questions:Based on the outcome of

SELLER - Market Closed My Summary Orders Transactions Unit Cost Price Earnings $0.50 $1.49 $0.99 2 $0.75 $1.38 $0.63 3 $1.00 $1.13 $0. 13 Total Earnings: $1.75\fSELLER - Market Closed My Summary Orders Transactions Unit Cost Price Earnings $0.50 $1.28 $0.78 N - $0.75 $1.23 $0.48 3 $1.00 $1.11 $0. 11 Total Earnings: $1.37

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