Discuss the concept of market equilibrium

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Reference no: EM131101400

Create a supply and demand graph in (Excel) that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply and demand within the economy, as well as discuss the concept of market equilibrium. Disucss your graph.

Next, please provide an explanation for the value graphing supply and demand and analyzing the data can have on decision-making in a business and the economy.

Reference no: EM131101400

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