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Laws of Demand and Supply, Determinants, and Efficient Markets

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Please assist me by explaining the concepts of the Market Equilibrating Process and how it relates to prior real world experience.
â?¢ Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.

â?¢ Explain 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

â?¢ Include graph illustration of the equilibrating process in price relation to the shift in supply and demand.

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https://brainmass.com/economics/general-equilibrium/laws-demand-supply-determinants-efficient-markets-surplus-shortage-376675

Solution Summary

This solution thoroughly exemplifies the Market Equilibrating Process and how it relates to prior real world experience.

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