Discussion Post: Economics Supply & Demand
Provide a detailed explanation of the following:
• What is meant by "Market Equilibrium"? Will the market equilibrium price change in response to: i) Surplus and ii) Shortage. Discuss
• Will the market always reach equilibrium? Discuss.
• Why do governments interfere with the market equilibrium price? And if so, Discuss and offer example.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.