Law of supply and the determinants of supply

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Reference no: EM13247744

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, plus 3- to 5 slide Microsoft® PowerPoint® presentation, or 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.

Reference no: EM13247744

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