Economic

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.
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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.

eco561_r8_appendix_a.doc