Market Equilibrium Process

Topics: Supply and demand, Economic equilibrium, Partial equilibrium Pages: 3 (697 words) Published: December 26, 2011
Market Equilibration Process Paper

ECO/561 Economics

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Market Equilibration Process Paper

Concepts of the market equilibration process relate to real-world occurrences in a free market. Body 1:
Body 2:
Body 3:
Closing:
Market Equilibration Process Paper
- Relate the concepts of the market equilibrating process in the Weeks One and Two readings and learning activities to a prior real-world experience occurring in a free market. The experience does not necessarily have to be work related.

- Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.

- Consider the following components in your explanation:

• Law of demand and the determinants of demand
• Law of supply and the determinants of supply
• Efficient markets theory
• Surplus and shortage

- Use University of Phoenix Material: Appendix A to create graphs illustrating the equilibrating process in price relation to the shift in supply and demand.

- Deliver the content as a 350- to 500-word paper, 7- to 10-slide Microsoft® PowerPoint® presentation, 2- to 3-minute video, or 1-page comic strip illustration.

http://academicwritingtips.org/component/k2/item/932-market-equilibrium-process.html

Market equilibrium refers to the selling price “where the intentions of buyers and sellers match”. This means that the quantity sellers are willing to sell at a particular price matches the quantity buyers are willing to purchase at that same price, or, in other words, where the quantity demanded equals the quantity supplied. A surplus results when the price is too high (quantity supplied is more than consumers are willing to buy) and a shortage occurs when the price is too low (quantity demanded is more than quantity supplied). The equilibrium price changes when there is a shift in either supply or demand. The market is made up of two...


References: This is a hanging indent. To keep the hanging indent format, simply delete this line of text using the backspace key, and replace the information with your reference entry.
http://www.e-m-h.org/introduction.html
http://www.healthmr.com/resources/newsletter-archive/1011-fa-3-ways-to-increase-revenues-in-home-health-and-hospice
http://academicwritingtips.org/component/k2/item/932-market-equilibrium-process.html
http://ajrccm.atsjournals.org/cgi/content/full/165/6/750
http://en.wikipedia.org/wiki/Supply_and_demand
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