Explain the market equilibrating process in relation to your experience
Understanding how market equilibrium is maintained is
essential for business managers. As a manager, it is important to
understand how economic principles, and specifically supply and
demand, are a part of your everyday business decisions.
For this assignment, 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.
Format your citations and
references consistent with APA guidelines. Because this assignment
is a personal reflection, use first-person pronouns when
applicable.
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