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Supply and demand within the simulation were manipulated by the rates charged for the rentals, the economy, income, and personal choice. All of these characteristics affect the proportion of vacant as well as occupied apartments.
Simulations
In the beginning of the simulation GoodLife Management held the monopoly in Atlantis on two-bedroom apartments and therefore could lower the rent to increase quantity demand and increased the revenue for the property management company. This move ultimately resulted in a low vacancy rate in the apartments. After the revenue reaches maximum, demand then decreases...
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