Friday, January 31, 2020
Activism Essay Example | Topics and Well Written Essays - 1250 words
Activism - Essay Example The purpose of art activism is to be heard collectively. Its major focus lies on the issue at hand and not on the artist as an individual (Cohen-Cruz, 2002). Art activism moves people through what they see. It stirs up something inside the viewer to do something. It was a medium that has been used by many to change the course of history. Art activism can be expressed in many ways. The examples are many; the Harlem Renaissance in 1919-1929, it was an early depiction of an African-American activist art. There was Angelina Grimkeââ¬â¢s play ââ¬Å"Rachelâ⬠, the stage was used to be heard clearly that everyone is equal, regardless of color and race. In 1917 Lenin used the colorful festivals to advance his agenda in Russia. These are just few examples of the power of Activist art (Cohen-Cruz, 2002). Artistic skills can be used to attract the attention of the public; it is an aid for the public so it can look deeply on social and political issues. Concert for example can be used to promote peace on war stricken and famine stricken country like Africa. People respond to the message of the music, it touches the hearts of its hearers. Art has the capacity to move the audience to reevaluate the accepted views. It can direct by consent and not by force as someone puts it (Cohen-Cruz, 2002). Having declared everything, I want to move on to the proposal. To use arts in order to get peopleââ¬â¢s attention; and to make them see or understand, and to persuade them to get involved. I asked people about what they think or feel on specific subjects. Majority of people I asked are having difficulty on expressing their thoughts regarding certain issues. I find it even difficult extracting from them what they think about what makes them proud or what makes them happy and what will make them hate themselves. They even find it difficult to complete sentences like ââ¬Å"I am satisfied when I (â⬠¦Ã¢â¬ ¦), I hate myself when I (â⬠¦Ã¢â¬ ¦), and I think self confidence is (â⬠¦Ã¢â¬ ¦.). When I
Thursday, January 23, 2020
Roosevelt Teddy :: Essays Papers
Roosevelt Teddy He first tried the law profession by enrolling in Columbia University. He did not enjoy it and soon left school. He published his first book in 1882 it was entitled ââ¬Å"The Naval War of 1812â⬠. He had begun work on it while still at Harvard. Then Teddy decided that he would try a career in politics. His first position was on the state assembly in the state of New York. He ran as a republican and won the position easily. At this position he did two major things: first he exposed a corrupt judge and secondly he learned to work with men from both parties. Instead of going for a second term of legislature he decided that he would go to the Republican National Convention in Chicago. He went as the chairman for the New York delegation. While Rooseveltââ¬â¢s professional life was flourishing his personal life was not in very good shape. In 1884 both his wife and mother died. His wife died while giving birth to their daughter, Alice. Roosevelt would take a break from politics and form the Elkhorn ranch on the Little Missouri River in the Dakota Territory. On his ranch he led the life of a cowboy. He would round up cattle and ride horses all day. It was a good break for Roosevelt. One story tells of Roosevelt capturing three thieves and holding them at gun point for 6 days until they reached the proper authorities. Also during this time Roosevelt wrote 2 more books (Hunting Trips of a Ranch Man and Thomas Hart Benton) and fell in love with Edith Kermit Carow. On December 2, 1886 Roosevelt and Carow went to London to be married. When they returned to the United States Roosevelt set his mind back on politics. He was very active in the presidential campaign of 1888 when Benjamin Harrison defeated Grover Cleveland. Roosevelt believed in hiring government workers on their skills not based on their party affiliation. At the time the winner of the race would hire every one that had helped them win the race even if they were not qualified for the position. Harrison would award his efforts by appointing him the U.S. Civil Services Commissioner. As commissioner he would continue to challenge ââ¬Å"patronageâ⬠. He did such a good job that when Cleveland beat Harrison for reelection he kept him as Civil Services Commissioner. In 1895 Roosevelt would return to New York City to
Wednesday, January 15, 2020
Causes of Forest Fires
The world has many natural disasters which cause many human and material losses. An example of these disasters are floods, air pollution and forest fires. So, this essay will highlight the main causes of forest fires. The first main cause of forest fires is because of nature. It can be caused by many factors like lightning . When the Lightning strikes a tree, the tree begins to burn with fires which expanded to other trees and unlikely the flames continue non-stop.For instance, the numbers of forest fires which destroying million of hectares of valuable trees are increasing more than 100,000 in USA (rubychacha, Boutique Market Research Agency: online). Forest fires can be caused by earthquakes since it cause a lot of massive fires where it lead to incidence many losses whether human or martial. For example, the greatest destruction which caused by earthquake in San Francisco in 1906, it took only a minute but it caused many worst natural disasters like one of them forest fires.Anothe r disaster, it is in Tokyo in 1923 where it caused a huge forest fires (Arbor Day Foundation: Causes of Forest Fires). They are other factors from nature cause forest fires, such as, high temperature with drought and strong wind ,all this factors lead to fires. Bush-fires in the summer frequently occur in Australia (rubychacha, Boutique Market Research Agency: online). Due to the fact, the nature can cause many wounded on the world like forest fires disasters. The second main cause of forest fires is because human.Clearing land is a good example can cause forest fires which sometimes we cannot control it (buzzle, Bora: online). There are several reasons make them burn trees such as social problems or there is no reason maybe only pyromania and this is known as retardation. Also in the mass demonstrations that the protesters make many crimes like one of them burn the forests. According to the Arbor Day Foundation that human carelessness increasing about more than 80 percent.Smokers a re one of causes of forest fires because they do not make sure that they get rid the cigarette. That what happens in many Arab and western countries because of human being. In conclusion, I think that human should be careful in our lives because one mistake can make a big problem like forest fires. However, dry weather can cause forest fires like what happening in Australia every summer. Therefore, human should be careful when they use petroleum materials.Resources Bora, C. What Cause Forest Fires. [online]. Available at: http://www. buzzle. com/articles/what-causes-forest-fires. html [Accessed on 16 March 2012] Boutique Market Research Agency. What Are The Causes Of Forest Fires. [online]. Available at: www. rubychacha. com [Accessed on 14March 2012] Arbor Day Foundation. Causes of Forest Fires. [online]. Available at: http://www. ehow. com/about_5163647_causes-forest-fires. html [Accessed on 28 March 2012]
Tuesday, January 7, 2020
The Exclusivity of the Art Market - 875 Words
ââ¬Å"That which costs little is less valued,â⬠said novelist Miguel de Cervantes (Saavedra, 1819). A phenomenon very true to the art markets, one might say. Elitism and exclusivity drive the art world. Value of art works is socially and subjectively constructed, based on oneââ¬â¢s concocted rationales of what is significant and what is not. Giving art works the title of commodities, hence, is rather trivial, particularly due to the nature and quality of these works. One cannot, however, deny that in the case of contemporary art, capitalism and the art world seem to run hand-in-hand. Ben Lewisââ¬â¢ 2009 documentary ââ¬Å"The Great Contemporary Art Bubbleâ⬠provides a pretty clear picture of money and power concentrated in an unregulated art market whereâ⬠¦show more contentâ⬠¦The documentary presented examples of British art-world businessman Charles Saatchi who triggered and supported the extraordinary prices for the works of Damien Hirst, as well as collector Jose Mugrabi, whose collection of 800 Warhols indubitably amounts to cornering the market. (Lewis, 2009) Art markets are notorious for their lack of transparency and information asymmetries provide several opportunities for immoral activities to take place. (Velthuis, 2011) On the day of the declaration of bankruptcy by Lehman Brothers, the worst financial crisis in history, Damien Hirst sold his art at a record price of à £70 million, in an auction at Sothebyââ¬â¢s. It was apparent, however, that Hirst and his colleagues had manipulated the sale prices by engaging dummy bidders into the auction sales. (Lewis, 2009) Thus, while the rest of the economy was slowly falling apart, the contemporary art bubble kept on inflating, bigger than ever before. It was the peak of the contemporary art bubble, and also the start of its downfall. A month after this triumph, the contemporary art market crashed, dropping by 40% in November 2008 and 75% by February 2009. (Art Market Trends, 2011) Additionally, budget and subsidies cuts for cultural institutes were seen all over Europe and UK, following the recession of 2008. As a result, many galleries and institutions had to close shop. In entirety, the art market experienced a huge loss of confidence due to the financialShow MoreRelatedTiffany and Co. Consumer Behaviour1352 Words à |à 6 PagesConsumer behaviour | Tiffany and Co. | Case Preparation | | 09/26/2012 | Quality Perceptual Map Exclusivity Perceptual Map The Fine Jewelry Market Defined ââ¬Å"The consumers in the fine jewellery market segment are quality conscious individuals whoà appreciate and understand the prestige and pride of ownership when purchases areà made in such companies and markets.â⬠Product Category Tiffany and Co. is a fine jewelry company that was established in 1837 in New York City (TiffanyRead MoreThe Increase Of Competition And Market Instability Of Luxury Fashion Brands1238 Words à |à 5 Pagesincrease of competition and market instability in luxury fashion brands involves firm flexibility and adaptation to ever changing wants and needs of consumers. As consumers become more sophisticated, they want more than a product; they want a luxury product with a beautiful story behind it. Fendi was launched in 1925 as a fur and leather shop in Rome, it has since expanded into a multinational luxury goods brand owned by Louis Vuitton Moet Hennessy (LVMH). The current target market for Fendi is upper classRead MoreLvmh Moet Hennessy And Louis Vuitton1022 Words à |à 5 Pagesmerger of Moet Hennessy and Louis Vuitton. Over the past 28 years, LVMH has grown exponentially through acquisitions of luxury goods companies. These companies that make up LVMH date as far back as 1743 (LVM H Group, 2015). Now at an $84.81 billion market cap and a $169 stock price (Yahoo! Finance, 2015), LVMH has certainly succeeded in the luxury industry. Headquartered in Paris, France, LVMH employs over 120,000 individuals and can be found in over 3,000 stores across the world (LVMH Group, 2015)Read MoreHow Marketing Is Both An Art And A Science ( Kotler, Et Al1141 Words à |à 5 Pages1. Introduction Marketing is both an art and a science (Kotler, et al., 2013). 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Netitaââ¬â¢s handbags and accessories will be priced accordingly to build desirable advantages compared with competitive productsRead MoreHow Marketing Is Both An Art And A Science1405 Words à |à 6 Pages1. Introduction Marketing is both an art and a science (Kotler, et al., 2013). One of the shortest definitions of marketing is ââ¬Å"meeting needs profitablyâ⬠(Kotler, et al., 2013). A more narrative definition from the American Marketing associationââ¬â¢s website describes marketing as the activities, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners and society at large (Anon., 2013). Fairfax Media Ltd (Fairfax)Read MoreHow Technology Has Impacted Our Society1403 Words à |à 6 Pagescomputer over the Internetâ⬠, (Webster). The internet and its streaming capabilities is an amazing tool used to connect the fans, almost instantly, to the music; however, it also puts the content at risk due to the possible technological issues, exclusivity rights, and digital piracy. One of the biggest reasons why technology has been impacted our society is because it has made itself useful in our daily lives. Internet streaming technology has impacted our entertainment by delivering audio and videoRead MoreThe Promotion Of Tesla Motors1631 Words à |à 7 Pagesis why we chose to name Tesla Motors after him. When consumers think of our product they think of the innovation and advancement, the same way Nikola Tesla is thought of. The brand elicits cutting edge performance, new concepts, desirability and exclusivity. Products at Tesla display the ability to compete with any car on in multiple categories; the Model S gets better mpg than a Prius and still has better performance than a Porsche. The Model S is smart tech equipped, with a touch screen center controlRead MoreBarneys Marketing Plan1630 Words à |à 7 PagesBARNEYS MARKETING PLAN Executive summary Barneys is planning to extend the target market by embracing budget fashionistas as well as current target customers who are fashion connoisseurs with a high disposable income and cutting-edge taste. It is because, according to Spending Pulse, Sales of luxury goods fell 27.6% in December 2009 compared with December 2008 including credit cards and cash. The pullback in luxury spending due to the deteriorating economy brought about a sharp slowdown and aRead MoreLouis Vuitton - LVMH and Luxury Goods Marketing2313 Words à |à 10 PagesChristian Dior, Givenchy, and Kenzo, whose perfumes and cosmetics generate nearly twenty percent of LVMHââ¬â¢s revenues. Givenchy and Christian Diorââ¬â¢s Dune fragrance are two of the luxury brands that are diverted from authorized channels for sale at mass-market retail outlets. In March of 1995 the U.S. Supreme Court let stand an appeals court ruling prohibiting a discount store chain from selling Givenchy perfume without permission. Some disco unt stores such as Wal-Mart and Costco cannot sell some imported
Monday, December 30, 2019
DNA Cloning - Free Essay Example
Sample details Pages: 3 Words: 1022 Downloads: 6 Date added: 2019/07/01 Category Science Essay Level High school Tags: Cloning Essay Did you like this example? The creation of Human clones represents another form of life having the modification such as DNA to make cells and tissue for making a clone. Using these testings can eventually lead to overpopulation and eventually cause over-usage of resources for people and introduces the physical and psychosocial harm to human beings of genetic identical or modified copies of a human to have similar functions and appearance. This kind of cloning reproduction deals with tissue and cells, The possibilities have slimmed down to complications having to do with ethical concerns that have provoked several nations to pass laws regarding human cloning and its legality due to the concerns of what can happen.. Donââ¬â¢t waste time! Our writers will create an original "DNA Cloning" essay for you Create order The common types of cloning are reproductive cloning and therapeutic cloning is the process which A gene located and copied out of DNA extracted from an organism. Although human cloning has no record of being successful, cloning was demonstrated to be possible when scientist by the name of sir ian wilmut and the rest of his team successfully cloned dolly a sheep in the year 1996 and lived up to 10 years but animals are far more different than humans. There hasnt been any rumors or facts about a human clone being successful because it comes with risks such as abnormalities that the clones embryo can have with cells and tissue which can turn out to be bad not only for the clone but for other living creatures and potentially lead to the domino effect, meaning other attributes of life could be changed or altered negatively as any result and if Genes are modified to be smarter than others and the average person will not have a place in society because of that. It comes down to the risk it takes to make a clone out of someone because anything can happen and if it doesnt workout the way its supposed to then immediately you know its not safe and worth investing money and equipment to test these procedures to make an embryo from scratch. clones are not identified as twins compared to a human when they are born it is more of a nuclear transfer through DNA genetically modified from someone else and the cloning is taken place in a lab, Two main types of cloning are reproductive and therapeutic as mentioned earlier, but Reproductive cloning involves the creation of another life whereas therapeutic cloning has no implantation into the uterus to form a child. It is used more for medical use creating stem cells to Save lives and the medical possibilities for stem cells are immense but that doesnt mean that these clones will be 100% and functioning at its fullest potential like scientists do to animal cloning its different and not only is that a dangerous but this isnt something that happens on a regular basis because then the cloning can not go the way scientists will want that can potentially start many issues. The argument is that human reproductive cloning should not be carried out because human clones are also likely to exhibit inappropriate epigenetic reprogramming or abnormalities and Different versions of this epigenetic argument are analyzed, categorical version and a non-categorical. The non-categorical version is suggested to be more well-considered With regard to policy making on human reproductive cloning, the categorical version can be used to prescribe a permanent ban, while the non-categorical version can be used to prescribe a temporary ban. The factor to that is Animal cloning has raised concerns about human cloning on behalf of many organizations that have analyzed the situation expressed its unacceptable and have called for a ban on such research due to the fact that its not just something scientists are use to on a regular basis because humankind comes from a sperm cell and an egg that form the process of a embryo to a fetus, not knowing fully whats to be expected of a cl one being created in the lab. The issue of human cloning may violate moral human rights and it is seen that every human has the right to their unique identity but this could easily be disputed with cloning sharing the same genome but have different lives and futures. Cloning could also produce physiological distress and harm in the clone and may feel that their life is already laid out before them and have no choices. They will also face physiological problems and discrimination because of their identity and that would leave humans to new adaptations and conditions. As a person the effect it can have on somebody will lessen the worth of individuals and diminish respect for human life, Human life would be seen as replaceable if something happened to a person, like if they were killed another clone can simply replace them in fact and could never replace the one that is lost. Clones would be subject to discrimination based on the fact that they are a clone and did not arise because of sexual reproduction. If human cloning was to be the norm it wouldnt be a good thing because the cells are taken from adult cells and implemented to the clone having gained a lot of years would mean it doesnt have a long life expectancy that would not be useful because the clone would live in the shadow of the genetic donor, always having to live up to the expectations of a person they were created from. As for many believe cloning is going against Gods will because itll be created by man. Man would be playing God and create people that are unable to feel and emphasize with no filter in between and also created without a soul. Its to be believed that human cloning is a representation mocking humanity forming a new life created from a genetic donor with their own DNA creating cells and tissue for the clone but as far as that goes just like identical twins look exactly alike they dont have the same personality and enjoy different things. The same would be for a clone even if technology can do everything to be the same the clone would still be a different person no matter what.
Sunday, December 22, 2019
Hate Crime Argument - 964 Words
Hate Crime is a growing hot topic and needs to be discussed. Being a relatively touchy subject no one really wants to truly discuss and express their own ideas about it. Don Feder and Eric Holder were the ones to step up and give their opinions on the matter. While Feder and Eric Holder had different opinions on the subject they both wrote compelling and convincing arguments. However the overall better argument came down to something as little as using pathos in their arguments. One article having left out some important writing styles made it possible to decide a better argument. The article Hate Crimes Legislation Criminalizes Thought ,by Don Feder, held a much better argument than that of Eric Holders Hate Crimes are Necessary.â⬠¦show more contentâ⬠¦However his extensive use of emotional writing lead to one weakness which is a lacking of factual statements and logos. Regardless of this his expression of his own opinion was enough to compel the reader regardless of his fact ual correction. However if the subject were read in a different context one would clearly see the lack of credibility of his accusations to the legislation. Over all Don Feder wrote a strong and compelling article which holds a better argument than Eric Holder. In Eric Holderââ¬â¢s ââ¬Å"Hate Crime Laws Are Necessary,â⬠he clearly expresses the opinion he has towards the legislation as positive. He thinks that this legislation is exactly whatââ¬â¢s needed and that it is necessary to help prevent ââ¬Å"hate crimes.â⬠Being an African American, Eric holds a particularly personal opinion on the topic as he is in one of the groups picked as a target for hate crimes. This being said there is a small amount of bias in his passage leading to rash opinions on the topic. Eric however expresses his own clear view of the subject and that is his alliance with the proposal. Eric Holder took a more calm approach to the matter than Don Feder and began his article with facts of credibility other than thought provoking statements. Furthermore, Eric Holder continues to write factual statements and occurrences to support his claim but with a lack of emotion toShow MoreRelatedEssay about Hate Crime Victimization1642 Words à |à 7 Pagesof m urders, assaults, and acts of vandalism and desecration were fueled by bigotryâ⬠(Karmen, 2013, p. 350). Hate crime victimization is a very prevalent and serious issue that exists amongst our society today that is often used to demonstrate a form of hate towards a particular group of people; primarily minority groups. ââ¬Å"Although each state employs a different definition of hate crime, most statutes include groups singled out on the basis of race (such as African Americans or Asian Americans)Read MoreHate Crimes Should Be Abolished714 Words à |à 3 PagesHate crimes should be abolished to due to the fact that these types of crimes only occur when someone or their property is attacked by another for the sole reason of discrimination and hate and may not be limited to an individualââ¬â¢s race, racial group, and religion, sexual orientation, ethnicity or gender identity. Hate crimes come in many forms such as images that depict hate, hate speech and the threat of physic al harm. Sometimes crimes of hate occur because of a perceived threat of one group ofRead MoreFreedom of Speech at College2731 Words à |à 11 Pageswas the tyranny of the majority (8). Freedom of speech is essential, without it there is no freedom. Harvey A. Silverglate, a member of the Board of Directors of the Foundation for Individual Rights in Education, stated, there has been an ongoing argument about the difference between speech and conduct. To some, ââ¬Å"The amendment would seem to protect speech onlyââ¬âand not the various forms of conduct that can communicate a messageâ⬠(23). States and government have been trying to make laws that the BillRead MoreThe Murder Of Gwen Amber Rose Araujo1562 Words à |à 7 PagesJustice Professor at Bridgewater State University, states that crimes are committed for numerous reasons. However, when dealing with bias crime, also known as hate crime, the motivation stems from ââ¬Å"prejudice or hostileâ⬠behavior that is ââ¬Å"triggered by his or her perception of the victimââ¬â¢s ethnicity, race, national origin, religion, sexual orientation, disability, or genderâ⬠(Tupin-Petrosino, 2015, p. 2). When one thinks of a gender-based crime, many individuals conclu ded the crimeââ¬â¢s victim is most likelyRead MoreThe Issue Of Hate Crimes2025 Words à |à 9 Pagesfacing in the world are hate crimes. Despite this being a major issues, there appears to be no solution in sight to put a stop to hate crimes. For this paper I chose to focus on hate crimes I can gain more knowledge about this topic and because it s something that I have personally experienced. Throughout U.S. history, a significant proportion of all murders, assaults, and acts of vandalism have been fueled by hatred. As Native Americans have been described as the first hate crime victims, members ofRead More Hate Crimes Essay902 Words à |à 4 Pages Hate Crimes I. What are Hate Crimes A. Definitions for Hate Crimes B. Counting Hate Crimes 1. White Power 2. Black Power II. Examples of Hate Crimes A. Hate Crime penalties III. Reasons for Hate Crimes Even though Hate Crimes have been around in the past, and have been most certainly been more violent in the past. Hate Crimes are most certainly still a problem in todays society, but it is not dealt with the same violent manner as previously performed in the past. There are still violent actsRead MoreThe Problem Of Hate Crimes1023 Words à |à 5 Pagesorientation, represents a serious threat to all communities. Experts estimate that a bias-related crime is committed every 14 minutes. Criminal justice officials and state policy makers need to realize that it is key to make or adjust hate crime legislation. This has been a heated debate for centuries. The key to solving the ever-growing problem of hate crimes is more hate crime legislation. Crimes The news of Columbine was all over the TV, newspapers, and in every social aspect of life. ThisRead MoreEssay on The Laramie Project1293 Words à |à 6 Pages Hate Crimes After reading ââ¬Å"The Laramie Projectâ⬠your left with so many questions, ideas and emotions. The play is a series of interviews (reenacted exactly as they happened) to give the audience facts and true statements so that they can form there own opinion. The play takes place in Laramie Wyoming, after the ââ¬Å"hate crimeâ⬠that left 21 year old Matthew Shepard fighting for his life that ended soon after all because the fact that he was gay. Hate is a feeling and hate crime is actingRead MoreHate Crimes Against Gays Essay905 Words à |à 4 PagesSimply because Matthew was gay. Matthews death became a national symbol of violence against homosexuals, prompting prayer vigils and calls for state and federally supported hate crime laws. Today, America prides itself on being a tolerant country. Through laws and legislation, including affirmative action, anti hate-crime laws, and movements against racial discrimination, America sees itself as a country that offers equal opportunities to people of all size, shape, and color. This statementRead MoreEssay on Hate Groups on the Internet3671 Words à |à 15 Pages The Web of Hate Technology has provided our society with numerous innovations that have been created to improve the quality of life on a daily basis. One such innovation is the Internet. The access to a wide variety of information is perhaps the most valuable tool, as well as the most important tool, that we have entering the twenty-first century. There are virtually no limits on how much can be achieved through the use of the Internet. This is not
Friday, December 13, 2019
Eco365 Supply and Demand Simulation Paper Free Essays
Supply and Demand Simulation ECO/365 Supply and Demand Simulation In the University of Phoenix simulation (2003), students are taken through the supply and demand of two-bedroom apartments in a city called Atlantis. The simulation itself is used as a tool to learn about the demand and supply curves as well as equilibrium. Other key learning points are the factors that affect supply and demand, the effect that a price ceiling has on the quantity demanded and the quantity supplied. We will write a custom essay sample on Eco365 Supply and Demand Simulation Paper or any similar topic only for you Order Now Throughout the simulation, students determine the rental rates or how many apartments are rented out for a given month. A microeconomic principle that stood out at the beginning of the simulation was the use of the word ââ¬Å"monopolyâ⬠. The simulated management organization has a monopoly in the rental field within Atlantis. I considered it to be a microeconomic principle in that it was limited to a certain region. On a macroeconomic scale, it would not hold true because of the fact that there are numerous rental management organizations throughout the world. The second microeconomic principle from the simulation was the scenario in which the student is to determine a monthly rental rate that will remove the imbalance between quantity demanded and quantity supplied at the rental rate of $1550 (University of Phoenix, 2003). I consider this to be a microeconomic concept because each industry or field has its own norm for quantity demanded which definitely affects how much is supplied. An example of this is that of exotic cars. There is a limited number of these vehicles in demand which results in the manufacturers of these cars to build only a limited amount. A macroeconomic principle that showed through in the simulation was that for any product, more quantity is demanded at a lower price, other things remaining constant. To apply that to a microeconomic scale using the simulation as an example, when the rental rate was reduced, more individuals were willing to rent apartments which led to a lower vacancy rate. As the rental rate is lowered, revenue first increases, reached a maximum at a particular rate and quantity demanded, and decreases. The second macroeconomic principle from the simulation was the supply curve demonstration. The student is tasked to identify correctly, the rental rate that the company would charge if it were to lease out all of the apartments. For any supplier, production costs normally increase for each additional unit of the product. In the case of the simulation, it was maintenance costs that were added for each unit rented out. This added cost meant that the rental rate had to increase as well. When the rental rate increased, the number of apartments that management was willing to lease out increased. This was a basic demonstration of how the supply curve works. At one point within the simulation, there is a shift in the demand curve. This is because there was an increase in the population in the city. At any given rental rate, more people rented apartments. This resulted in an increase in demand but the supply remained the same. As a result, the demand curve shifted to the right. The new equilibrium price is now higher than before and the number of apartments demanded and supplied increases. The change in expectations of management caused the supply of two-bedroom apartments to decrease. The expectation was that more individuals would prefer to live in a condo vice the two-bedroom apartment. It also eventually occurred and as a result, this factor caused the supply curve to shift to the left or decrease because there was not only a decrease in the demand for the two-bedroom but also a decrease in the supply. Since the shift in supply was greater than the shift in the demand, the price of rent increases. Had it been the other way around, the rental rate would have declined. Through this simulation, I was able to understand the affect of price ceilings. In the case of the simulation, while tenants could only be charged up to a certain amount, they might be subjected to make up a portion of the difference by higher deposits in order to lease. Price ceilings could also lead to discrimination in the form of choosing tenants on the basis of race, socioeconomic status, etcetera because the number of units that are available far exceeds the number of units the company is able to rent out due to costs. References University of Phoenix. (2003). Applying supply and demand concepts [Multimedia]. Retrieved from University of Phoenix, ECO365 website. How to cite Eco365 Supply and Demand Simulation Paper, Essay examples
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