Individual Assignment
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.
Learning Team Assginment
Complete the Learning Team Deliveble.
Please provide a one page summary describing what the team learned during weeks one and two. Indicate which topics were a challenge and how the team dealt with this challenge.