MARKET EQUILIBRATING PROCESS PAPER

Market Equilibrating Process Paper

Market Equilibrating Process Paper

The market equilibrium is described as the point at which the quantities demanded and supplied are equal. The concept is derived from combining equilibrium price and equilibrium quantity to yield the equilibrium of a specific market. Changes in the determinants of demand, such as how much the product sales and the price of the product can affect the equilibrium of a market. Changes in determinates of supply can also affect a specific market. Supply determinates, such as taxes and subsidies, production techniques, and prices of other goods can cause a specific market ...