Explain the concept of equilibrium as it pertains to Demand and Supply; identify what market forces...

Explain the concept of equilibrium as it pertains to Demand and Supply; identify what market forces keep a market from reaching equilibrium, and why the natural tendency is to move toward equilibrium. In your answer be sure to also explain what causes shifts vs. movement in both Demand and Supply.

Expert Solution

the explanations and graph are done properly for better understanding.

Rahul Sunny answered 1 year ago

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