The Cherry Orchard Essay - 852 Words

The Cherry Orchard The Misunderstood Comedy When the first production of The Cherry Orchard was performed on stage in Moscow, there was a significant difference of opinion between the author and directors. Chekhov strongly faulted the directors interpretation that the play should be preformed as a tragedy and insisted that what he had written was a comedy. The famous philosopher Aristotle defined a comedy as quot;an imitation of characters of a lower type who are not bad in themselves but whose faults possess something ludicrous in them.quot; The misinterpretation of The Cherry Orchard could be mainly due to a misunderstanding of the comic character. A quot;comicquot; character is generally supposed to†¦show more content†¦It is this that forms the ludicrous or comic essence of Lyubovs character. True, Lyubov’s character does have her tragic moments. At the end of act four, Ania refers to her mother as to having been crying all morning. Lyubov also expresses a lot of stress from not having money, even though her actions do not show it. The main theme of the play can be generally taken to be the passing of the old order of Russian society, symbolized by the sale of the cherry orchard. Since Chekhov did not belong to the ranks of the Ranevsky family, unlike other authors who had written plays on the same theme, Chekhov wrote The Cherry Orchard without becoming personally involved. He was able to see the the comedy of the whole situation and give it an artistic form of a play full of comic characters. Nothing was further form Chekhovs thoughts then that his characters should spread a feeling of gloom or depression on his audience. Therefore the symbolism of the cherry orchard had nothing to do with its sale. All it expresses is one of the common reoccurringShow MoreRelatedThe Cherry Orchard2124 Words   |  9 PagesThe Cherry Orchard: Critical Analysis The Cherry Orchard by Anton Chekhov is about a Russian family that is unable to prevent its beloved estate from being sold in an auction due to financial problems. The play has been dubbed a tragedy by many of its latter producers. However, Chekhov labeled his play a farce, or more of a comedy. Although this play has a very tragic backdrop of Russia#8217;s casualty-ridden involvement in both World Wars and the Communist Revolution, the characters andRead MoreCherry Orchard Analysis1685 Words   |  7 Pagesobject, place, or memory. In The Cherry Orchard, by Anton Chekov, Madame Ranevsky owns an estate with a cherry orchard. However, following the death of her son and husband, she fled to Paris and abandoned the orchard for over five years. Eventually, she found her way back to the estate, but with a major problem; she cannot afford the mortgage and is at great risk of losing the estate for good. She is racing against the clock to find a solution to keep the orchard. By having L opakhin be a characterRead MoreThe Cherry Orchard Essay751 Words   |  4 Pagesusing language that is poetic, the language used in modernist literature is explicit. Anton Chekhov’s â€Å"The Cherry Orchard† is an example of Modern literature because it tosses aside traditional structures and theatrical conventions. The play’s four act structure and the symbolism of the setting both exemplify examples of modernism in literature. The four act structure of â€Å"The Cherry Orchard† is an example of modernism because it rejects the traditional five act structure used in romanticism. ChekhovRead MoreThe Cherry Orchard By Anton Chekhov903 Words   |  4 Pagesâ€Å"The Cherry Orchard† is a drama which contains a hint of comedy that originates from the country of Russia, by way of the author Anton Chekhov. The drama is centered around Russia’s popular form of slavery, which is the acquisition of a serf. Contrary to theatrical or modern conceptions of slavery, the contract between a serf and their owner could be dismissed on the grounds of buying your freedom. In correspondence with the history of Russia, Chekhov expands on the meaning of freedom by interpretingRead MoreChekhov s The Cherry Orchard756 Words   |  4 Pagesâ€Å"I seem to have lost my sight†: Nobility’s Privileged Blindness in The Cherry Orchard In Anton Chekhov’s The Cherry Orchard, Lyubov Ranevsky loses her estate because she is unwilling to resort to commercializing it and renting it out. Ranevsky tells Peter Trofimov, â€Å"You see where the truth is, and where untruth is, but I seem to have lost my sight and see nothing†¦ because you’re young, because you haven’t had time to suffer†¦ You boldly look forward, isn t it because you cannot foresee or expectRead MoreThe Cherry Orchard By Anton Chekov1304 Words   |  6 Pagessuccessful citizens rising from the unknown to fame, or poverty to wealth shows the â€Å"common man† that if they desire a similar outcome, there exists a possibility of attaining a higher social status. Occasionally, as depicted in the play The Cherry Orchard by Anton Chekov, instances where honest means to attain fortune occasionally arise. By utilizing dialogue and direction, action, and images, he makes clear the dishonest motives of the character Lopakhin, especially within the third act. In orderRead MoreEssay about The Cherry Orchard2020 Words   |  9 Pages The Cherry Orchard: Critical Analysis nbsp;nbsp;nbsp;nbsp;nbsp;The Cherry Orchard by Anton Chekhov is about a Russian family that is unable to prevent its beloved estate from being sold in an auction due to financial problems. The play has been dubbed a tragedy by many of its latter producers. However, Chekhov labeled his play a farce, or more of a comedy. Although this play has a very tragic backdrop of Russias casualty-ridden involvement in both World Wars and the Communist RevolutionRead MoreA. Chekhov - the Cherry Orchard Commentary4493 Words   |  18 PagesThe Cherry Orchard is Russian playwright Anton Chekhov s last play. It premiered at the Moscow Art Theatre 17 January 1904 in a production directed by Constantin Stanislavski. Chekhov intended this play as a comedy and it does contain some elements of farce; however, Stanislavski insisted on directing the play as a tragedy. Since this initial production, directors have had to contend with the dual nature of this play. The play concerns an aristocratic Russian woman and her family as they returnRead MoreThe Cherry Orchard by Anton Chekhov987 Words   |  4 PagesAnton Chekhov, like Henrik Ibsen, is considered a prominent writer on culture and society. Chekhov’s works are noteworthy, in part, because of the lives they portray. In The Cherry Orchard, he writes of a world shackled by a caste system, and he exposes the need for reform. As the title states, the play is set in a cherry orchard. The play revolves around an aristocratic family and other minor characters, but the problem is the family is broke. Chekhov uses the symbolic characters’ memories as a wayRead MoreThe Cherry Orchard and Three Sisters600 Words   |  3 Pages The Cherry Orchard and Three Sisters. The Cherry Orchard is a play about a family that is about to lose their home. The madam of the house came home from Paris to find her frivolous spending and her brothers in competence will cost them their inheritance. As well as their family home all they seem to want is to be happy. Their life goals seem to be to have love and not have to be peasants. Also they want to keep the family orchard as it is when splitting it up would save them

The Intellectual Movement Of Ancient Greece - 1624 Words

Finding a Balance In current society, people question the true essence of a happy life: is it money, power love, sex, or religion? In retrospect, however, this is a contemplation that also wondered the minds of people from ancient times. Ever since the emergence of early civilizations, human beings have attempted to identify the elements that can allow them to live happier lives. For the early thinkers of these civilizations, this quest for a more meaningful and satisfying life could be acquired only through the application of philosophical thought. According to them, philosophical thinking, which strictly focuses on the use of reason and logic (Pojman and Vaughn 2), offered the only tools that would allow them find the true sources of happiness. A prime example of a civilization that used critical thinking and reason to identify these seemingly complex elements were the ancient Greeks. Essentially, Greek philosophy attempted to find rational answers to basic questions about man and the universe (Owens). These questions included the quest for happiness. The intellectual movement of ancient Greece nurtured many different kinds of philosophies, and in particular, there were two different kinds of philosophies that attempted to guide people towards the quest of a fulfilled and happy life: the philosophies of Epicureanism and Hedonism. These philosophies, however, didn’t offer the conventional ideas like love or religion as the key components of a happy life. Instead, theyShow MoreRelatedEssay What Does Violence Mean to the Greek?1142 Words   |  5 PagesViolence was the basis of polis culture and it helped unify Hellas. In every aspect of the polis some sort of violence is involved, whether it is athletic or intellectual, violence exists everywhere. According to Homer, violence means courage, strength, power, the might of domination, the taking of human life and psychological violence. Hesiod, on the other hand, defines two different types of violence: o ne which is hateful and is shown in war and the other which is peaceful which is expressed inRead MoreHistorical Events That Took Place During The Classical Period1458 Words   |  6 PagesTroy O’Donnell Professor Roberts April 27, 2015 World Literature I Historically Significant Influences of Aristotle During the Classical Period, 500-232 BCE, Greece was at the peak of its political and cultural achievement. This was also a time of war, most noteworthy being the vast empire created by Alexander the Great. In a period containing such an immense amount of historical significance there is no doubting that it had influenced the people born. Notorious philosopher Aristotle is no exceptionRead MoreHeroes : Heroes And Heroes Essay1568 Words   |  7 PagesWhether in ancient times or in the modern world, heroes still serve the purpose of influencing people to be more courageous, and to reach for higher goals. Heroes are known mainly for their fearless acts or noble character. Heroes prompt people to better themselves, as they help us to dream larger, and work harder. Heroes never give up in their daring acts and encourage other people to do the same. The definition of a â€Å"hero† depends on the era in which they lived in. In ancient times, heroes wereRead More Role Model of the West Essay1539 Words   |  7 Pagesattributed to the great role model, ancient Greeks for their many contributions, such as architecture, fine arts, education, philosophy, and mostly for their form of democracy and ways of government. The architecture and fine arts in ancient Greece had proved to be beyond its time. The Greeks talent for architecture and art was and still is irresistible to many artist of today. The spread of this talent moved from the Greeks throughout Europe, especially Ancient Rome and all the way to present dayRead MoreGreece and Rome through 1800 B.C. to 476 A.D. Essay1192 Words   |  5 PagesGreece and Rome through 1800 B.C. to 476 A.D. THE ANCIENT GREEKS AND ANCIENT ROMANS LIVED THROUGHOUT THE TIMES OF 800B.C. AND 476A.D. THE GREEKS WHO INHABITTED THE CITY-STATES OF SPARTA AND ATHENS, AND THE ROMANS WHO LIVED, OF COURSE, IN ROME. THE GREEKS AND ROMANS WERE DIFFERENT IN THEIR VIEWS OF RELIGION AS SEEN IN ARCHITECTURE, SCULPTURE AND PHILOSOPHY. ARCHITECTURE POST-MODERNISM CAN BE TRACED BACK TO THE SUPREME ARCHITECTURAL ACHIEVEMENTS OF THE GREEKSRead MoreThe Influence Of The Renaissance1290 Words   |  6 PagesAs we have all been told, nothing lasts forever. Ancient Greece was known as the â€Å"Cradle of Western Civilization.† The Roman Empire in its glory was considered the pinnacle of culture and technology. However, century upon century of wars, famine, plague, internal strife and decay finally took their toll and everything came crashing down plunging the Western Roman Empire into the dark ages. However, mankind is resilient, in the waning days of the dark ages having survived years of war, toppling ofRead MoreThe Value of Physical Education to the Ancient Greeks and Romans1574 Words   |  7 PagesThe Value of Physical Education to the Ancient Greeks and Romans Throughout history, society has placed a different value on physical education and sport. The purpose of physical education has changed over different time periods and as a result of ever-changing socio-cultural events. Some civilizations use the practice of physical education to prepare for war, some for profit, and some for a general all-around development. Three ancient cultures are of particular importance to development ofRead MoreCharacteristics Of The Italian Renaissance1299 Words   |  6 PagesCharacteristics of the Italian Renaissance Renaissance means rebirth in the French language, the renaissance happened between the fifteenth century and sixteenth century. Beginning in Italy, the Renaissance was an era that rediscovered the culture of ancient Greece and Rome in the fourteenth century and witnessed a continuation of the economic, political, and social trends. Jacob Burck-hardt, a swiss historian and art critic, created the Renaissance in his celebrated book The Civilization of the RenaissanceRead MoreThe Classical Greek And Roman Education1256 Words   |  6 Pagestransformation that would forever alter its identity. A profound change of ideologies in art, culture and intellect sparked a revolution that dismantled medieval society and propelled European culture into the modern era. This cultural and intellectual movement began primarily in Italy and later spread to the rest of Europe. The period of innovative change is called The Renaissance. The word Renaissance originates from the French word, rebirth. The Renaissance is considered a crucial and pivotal periodRead MoreAncient Greek Philosophical Views are Still Relevant Today Essay1576 Words   |  7 PagesAncient Greek Philosophical Views are Still Relevant Toda As a strategy to defeat the invading Persians during the Persian War, the poleis (Greek city-states) of Greece united in order to form one large military force. Following the war, Greece decided to adhere to this idea of unity and form the Delian League in order to protect Greece from Persian domination. However, many of the poleis begin to resent the fact that the polis of Athens held a roll at the top of the League. This tension

Interco free essay sample

First, any suggestion in the story that our fee arrangement with Interco was something we â€Å"evidently wanted . . . kept secret† is absurd and unfair. All tender-offer-related fee arrangements must be disclosed pursuant to the U. S. securities laws. In fact, our arrangements with Interco were promptly and publicly disclosed. Second, the board of Interco had already publicly committed itself to pursuing a restructuring and to launching the recapitalization plan prior to the date that our fee arrangement was agreed on with the company. Neither we nor the board viewed our fee arrangement as contingent in practical effect.Furthermore, unlike our recapitalizations or reorganizations of this size that involve hundreds of millions of dollars of banking fees, this transaction was designed to avoid large bridge financing and junk-bond underwriting fees. In this case, securities were issued directly to shareholders thereby passing savings on fees through to the shareholders. In fact, a relatively small fee was payable upon completion of the recapitalization: . We will write a custom essay sample on Interco or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 7 million. The Journal story also implied that the recapitalization plan was unnecessary and pursued in a hasty manner after the hostile bidder dropped its offer.This has no basis in fact. There were extensive meetings with the operating units to review their plans. The board—which had been briefed extensively on the plan during numerous long meetings over several months—had already publicly announced its intention to pursue the recapitalization. The markets relied on these public statements. Interco had already begun the recapitalization process and had paid significant commercial bank commitment fees to finance the senior debt portion of the transaction. The company remained under pressure from the former raider, which was still its largest shareholder, and from arbitragers, which held a large portion of its stock. If Interco had decided not to pursue the recapitalization, it would have been vulnerable to a takeover by the former raider or another party, possible at a much lower price. The recapitalization was a good-faith effort by the board of directors to deliver value to shareholders, to avoid potentially massive shareholder litigation, and to put an end to a hostiletakeover attempt.The projections relied on in the recapitalization were prepared by Interco’s operating management—not by us. We do not run companies: Our clients do. These projections were accepted as reasonable by an independent appraisal firm that opined upon the viability of the recapitalization, and by a syndicate of highly sophisticated commercial banks that lent more than $1 billion to the transaction. Indeed, the company’s next attempt at projecting its performance, done during the reorganization period with a new set of sophisticated advisers and with a very long period of 14 reparation, turned out to be materially off target again.

Supply and Demand Simulation free essay sample

In this paper I will discuss and identify two microeconomics and two macroeconomics principles or concepts from the simulation. I will explain why I have categorized these principles or concepts as macroeconomic or microeconomic. I will also identify at least one shift of the supply curve and one shift of the demand curve in the simulation, and what causes the shifts. I will discuss how each shift, and analyze how it would affect the equilibrium price, quantity, and decision making. Two microeconomics and two macroeconomics principles or concepts Microeconomic theory considers economic reasoning from the viewpoint of individuals and firms and builds up to an analysis of the whole economy. Microeconomics is the study of individual choice, and how that choice is influenced by economic forces. Microeconomics studies such things as the pricing policies of firms, households’ decisions on what to buy, and how markets allocate resources among alternative ends. Our discussion of opportunity cost was based on microeconomic theory. We will write a custom essay sample on Supply and Demand Simulation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the simulation scenarios one and three are microeconomics principles because they deal with the part of economics that is about single factors and the effects of individual decisions. In both scenarios the levels of vacancy were individual decisions and prices were adjusted to meet the decision expectations. The fourth and seventh scenarios are examples of macroeconomics. In the fourth scenario the population is going to increase due to a new corporation is moving into town and all their employees. This would affect all of Atlantis by increasing the population, lower the unemployment rate by creating new jobs, and growth in many other sectors will take place primarily in real estate since everyone will need places to live. In response to the growth Good Life’s apartment rates will increase from $1150 to $1400 due to the higher demand. As the demand for apartments goes up the prices go up as well, but eventually as shown in the seventh scenario some families could not afford the high rent prices so the government stepped in and put a ceiling rental prices. Shifts in the Supply and Demand Curves The demand curve in scenario one shifts down as the rental rates and the vacancy rate go down which mean more units are rented out. This is how to handle a surplus which in turn leads to lower equilibrium prices. If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. The supply curve in scenario shifts up as the rental rates go up because a zero vacancy rate is being achieved. This is leading towards a shortage because the supply has run out which leads to higher equilibrium prices. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher equilibrium price. Equilibrium price, quantity, and decision making Changing the equilibrium of the curves means a couple of different things when it comes to the price GoodLife would want to charge in order to rent as many apartments as they can. The change to the supply curve would normally cause a shortage in supply and demand would increase, therefore allowing GoodLife to raise their prices. The decrease in demand without change to supply would decrease prices because of the surplus of supply. However, because demand and supply decreased due to the change in preference and a loss of rental units, both curves moved toward the right. This moves means that the demand decreased as well as the supply, and to keep the equilibrium of the rental properties, GoodLife would have to decease their prices in order to keep consumers renting apartments instead of buying condos. Supply and demand from my understanding of a real-world product which I am familiar Recently I was talking to a classmate about the demand for Guns and Ammunition in the United States and how it is making headlines. Ammunition in the United States is hard to come by these days because of the increase in demand due to the government changing gun laws and making restrictions. Try going to your neighborhood Wal-Mart to buy some . 22 bullets for target shooting, or a couple of boxes of shotgun shells, and you’ll discover what hunters and gun enthusiasts have been muttering about for months now: The shelves are bare. Manufacturers are operating flat-out but can’t keep up with demand, as consumers snap up every box of ammo as soon as it comes on the market. Wal-Mart limits buyers to three boxes when they’re available, and Cabela‘s is limiting online orders to one box per day of the popular . 22 long shells increasingly used as cheap ammo for target rifles and pistols (Fisher, 2013). These current events have shown me the true nature of microeconomics and how different circumstances can change the preference of the population and how it affects prices and the supply available. Supply and demand allows me to understand why the price of orange juice goes up or why gasoline cannot keep a steady price. The principles of macroeconomics show me how the unemployment rate, politics, and federal taxes and tariffs can adjust the supply and demand as easily as frost in Florida can. (Colander, 2010) But these principles also show me elasticity in prices and how some things do not change. For example, demand of the GoodLife apartments would remain a constant demand if not for other circumstances, meaning that the price was inelastic. (Colander, 2010) However, certain changes such as a change in preference could decrease the demand, thus forcing GoodLife to raise prices in order to maintain total revenue. Now being a month-to-month rental company, supply and demand would constantly be changing, but if GoodLife found a good price that allowed renters to rent at fair prices, their demand would become inelastic as well as the prices for the apartments. This simulation put micro- and macroeconomics in perspective when it comes to real world scenarios. Just like the price of anything else, supply and demand are what makes the prices, so really high prices are no one to blame but the consumer that demand more product. Different principles were displayed throughout the simulation for both micro- and macroeconomics, and both were relative to the simulation in regards to real-life scenario. Of course, more principles affect the economy and how economists analyze the economy, but these principles have been the building blocks to understanding how and why prices rise or fall. Supply and Demand Simulation free essay sample I have worked on a simulation that was conducted to understand supply and demand when renting out apartment homes. In this paper I will briefly explain two microeconomics and two macroeconomics principles, it will also include one shift of the supply curve and demand curve in the simulation. Also I will talk about for each of the shifts the affect of the equilibrium price, quantity, and decision making will be analyzed. It will also describe the supply and demand from the simulation and how to apply it in the workplace is included. Lastly I will talk about the concepts of macroeconomics will be explained, and how understanding the factors that affect shifts in supply, and demand on the equilibrium price. In addition an explanation of how price elasticity of demand affects a consumer’s purchasing and firms pricing strategy will be included. The first thing I will be explaining will be that I will identify two microeconomics and two macroeconomics principles or concepts from the simulation and explain why I have categorized these principles or concepts as macroeconomic or microeconomic. We will write a custom essay sample on Supply and Demand Simulation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A concept that was used in the simulation would be the decision making I have to make in order to make Good life apartment complex more successful. Another concept used in the simulation would be the studying the behavior of the economy. Depending of how the economy is will determine the prices we have to put on our apartment complex in order to keep up with other surrounding apartments and make ours more successful. This is determine by checking the employment rate, supply and demand. Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts? The changes in supply and demand in the simulation are caused by different factors throughout the simulation which causes the shift to change in supply and demand curve. The causes included changes in vacancy rates, low rental rates in close by towns, imbalances between quantity demanded and quantity supplied at current rental rates, changes in population (depending the population), personal incomes, and affordability of apartments. All these things are what cause the supply and demand curve. The more people make and the more people are where the apartment complex are at determines weather the prices should be high or low and if we will be successful renting it out at our rates. For each shift, analyze how it would affect the equilibrium price, quantity, and decision making. The shift affected by supply or demand, is determined by weather if the supply or demand were decreased or increased. If the shifts were to the left or right had to be taken into consideration before decisions could be made. A supply shift to the right indicated a decrease in the rental rate was necessary, whereas a supply shift to the left indicated an increase in the rental rate was necessary to reestablish equilibrium. How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar? I can apply what I learned about supply and demand from the simulation in my workplace because I now have a better understanding of how things work. I know how I can attract consumers and what they are looking for in order to make my workplace more successful. I also have a better understanding of how depending on the economy will determine how my business will run and what will help my business still be successful even when the economy is no that great. How do the concepts of microeconomics and macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? The concepts of microeconomics helped me understand the factors that affect shifts in supply and demand on equilibrium price and quality by helping me with decision making. Also it helped be because sometimes the price reflects a lot on the quality of the item you are purchasing. This affects shift because if you are sale something that is good quality and a fair price that means you are most likely to sale more which will most likely have a more successful rate. This will also help me in the affects of how the economy is because people today want things that are good quality and a price that is still affordable. In conclusion, this simulation was a lot of helped and will be a great reference in the future for any future supply and demand questions or concerns I may have. I know have a better understanding of the supply and demand curve of how it works and what can cause the changes. Also I have a better understanding of how prices are determined and what helps determine these prices, specially when it comes to apartment complex of how it helps in order to have more rental apartments and have a more successful business. Supply and Demand Simulation free essay sample This simulation of â€Å"Applying Supply and Demand Concepts† gave me a true understanding of how things work in the market place. We go through life dealing with these situations, but not knowing how they really affect us and the world around us. I had some ideas of how these principles worked, but was I taken for a loop when I tried to balance out the equations. This is what I learned from this simulation and how it applied to real-world occurrences. Two Macroeconomic and Microeconomic Principles The two principles that I found that related to the simulation for microeconomics were supply and demand, and scarcity. These two principles both have a direct effect on what a people will do, on a personal level, when it comes to their economic decisions. The simulation showed what would happen if more positions became available and people came to fill those positions. This caused a scarcity of living spaces which in turn caused a shift in the supply and demand curve. We will write a custom essay sample on Supply and Demand Simulation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When looking at two principles that are related to the simulation for macroeconomics, I found that the use of government restrictions on rental prices and economic growth had the most effect. These two items had a greater external influence on population growth than what could have happened with the microeconomic principles. Identify one shift of the supply curve and one shift of the demand curve. When discussing a shift in the supply curve in reference to the simulation the shift was caused when there was an increase in income for the population because of the increase of new jobs. The simulation also showed that the supply curve decreases, and it shifted to the left because the renters wanted a detached rental versus being in an apartment complex. When the population increases then the demand curve will shift. This was caused by the large stream of other companies moving into the area. So, with more population also came a shortage of available apartments, which caused the demand curve to shift to the right. How does each shift affect the equilibrium price, quantity, and decision making? When analyzing the demand curve, see if the supply curve is constant, if it is, then a shift to the left will decrease the equilibrium price, and it will also increase the quantity demanded. The opposite will happen if there was a shift to the right of the demand curve. The influences on the supply curve, if the effects on the demand curve are constant, would also have an opposite effect. This will cause a shift to the left, and it will increase the equilibrium price, and also it will decrease the quantity demanded. The outcome of this is that as price’s increases, the demand will decrease regardless of what combination of shifts that might occur. How can I apply what I have learned from the simulation to my workplace? One of the bestselling products at Vi-Jon is their Germ-X Hand Sanitizer. They make this product every day, 24 hours a day. During the flu season, it is supply and demand. We make as much product as we can, even to the point of bringing in extra people on off-shifts to make sure that we can meet our customer’s demand. It is also their most profitable time of the year, and this generates revenue to support the company during the time they are out of the flu season. During the flu season, our prices are higher on this product to support around the clock coverage. During the off seasons, our prices are lower. This also plays into the winter shutdown for two weeks during the holidays. This allows the plant to do needed maintenance and still fulfill their customer’s needs. How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? When discussing supply and demand the premise is based on some sort of market expectation. These shifts of curves are trying to find a way of neutrality between companies and their consumers. The key is to find a medium, in reference to price, that their customers would not mind paying, whereas the company would have no problem selling their products. Once the company has reached that point of equilibrium, where they can sell their product and the customers do not mind paying that price, then they have a positive arraignment for both. How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? When looking at the concepts of macroeconomics, they have helped me to understand that there will always be external factors that will affect cost, supply and demand. What I have learned from the simulation is that the government can come in and adversely affect prices by putting a ceiling on what the market can charge. It also can cause companies to change their formats in order to adjust to these changes, like from apartments to condos. This way, the government can meet the demands of the population by limiting the cost that the companies can charge consumers, and opening up areas where new jobs can open and flourish. Relating to the simulation, explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy. I have learned from this week’s reading that â€Å"price elasticity is the percentage change in quantity divided by the percentage change in price. (Colander, 2010)† What this boils down to is how companies understand the receptiveness of their customers to changes in prices. In the simulation, Good Life had to constantly adjust to the changes in the market in reference to availability, competition, and government control. They needed to remain competitive, but also increase revenue during some volatile times. By using this formula, they were able to adjust and continue to grow in an ever changing market.