Complex Systems Assignment #3 MGMT220 - Jeff Sun 42869129
Xu Jeff Sun
This is a model that depicts the interactions between buyers and sellers in regards to the position of price to the median price.
This model works on the premise that when house prices drop below median price, buyers will increase and sellers will decrease, and vise versa.
When the values for Price, Buyers and Sellers are set to 50, the system will be in Equilibrium.
Delays have not been added in order to show how components instantly respond to changing parameters.
A more in-depth description is provided in the story.