Process of moving between two equilibrium points

Reference no: EM13757128

Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand. Understanding how market equilibrium is sought following such a change is essential for business managers. It is important to understand how economic principles, and specifically supply, demand, and their determents are a part of your everyday business decisions.

Write a paper, create a video, or create a PowerPoint presentation using a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move between two equilibrium states. Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.

Required Elements:

Include academic research to support your ideas
Consider the Law of demand and the determinants of demand
Consider the Law of supply and the determinants of supply
Describe Efficient markets theory
Explain Surplus and shortage
Deliver the content in no more than a 700-word paper, OR 7- to 10-slide Microsoft PowerPoint presentation, OR 2- to 3-minute video (Please choose one of these choices, not all three),
Use University of Phoenix Material: Appendix A to create graphs illustrating the movement between the two equilibrium points and include this in the body of the assignment.
Your assignment is consistent with APA guidelines.

Reference no: EM13757128

Questions Cloud

Discuss ways in which the changes will be implemented : The owner was impressed with your presentation last week and is willing to move forward with the implementation of the new information system. Discuss ways in which the changes will be implemented

Recommendation to the head of the industry group : How might these considerations affect your recommendation to the head of the industry group?

What distinguished internal migration of americans : What distinguished the internal migration of Americans during World War II from that of the World War I era?

Ethical issues related to information technology : Locate a news article based on a recent event on ethical issues related to information technology

Process of moving between two equilibrium points : Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand. Understanding how market equilibrium is sought following such a change is essential for business managers.

What were the three gs for spanish explorers : What were the three G's for spanish explorers?

What worst things andrew jackson did during his presidency : What are the 3 worst things Andrew Jackson did during his Presidency?

What is the best defense against social engineering : What is social engineering. What is the best defense against social engineering. What are some examples of physical security measures you can implement to protect your network

Who introduced important policies that changed the country : who introduced important policies that changed the country, a social activist who inspired reform, or someone else who had an important positive or negative impact on this era.

User Account

All Pages