homeworkmarket_starta 1,050- to 1,400-word paper summarizing the content of a simulation.Use one of the following as a reference source:the Supply and Demand Simulation located on the student website. How might 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? How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?a minimum of 3 peer reviewed sources.