If an Event Occurred Which Changed a Market Equilibrium, How

question 34

Essay

If an event occurred which changed a market equilibrium, how would an economist go about analysing the change in equilibrium?

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Management

The process of dealing with or controlling things or people, typically in a professional context.

Double Standard

A set of principles that applies differently and usually more rigorously to one group of people or circumstances than to another.

Aging

The process of becoming older, which encompasses biological, psychological, and social changes over time.