Explain what happens to a market when supply and demand are, Ask an Expert

Economics

Explain what happens to a market when Supply and Demand are not in equilibrium. Provide two instances from your personal experience when you observed the "disequilibria" of supply and demand in a market, and what caused the market to come to equilibrium, if indeed it did.

Make sure you fully describe the economic situation stated in this problem from a theoretical and practical viewpoint. Fully support your statement with references.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9309844

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