Explain why equilibrium of supply and demand is desirable


Discussion:

Prepare a 750 word paper addressing the following:

• Explain why equilibrium of supply and demand is desirable.

• Explain the following concepts using the concept of consumer and producer surplus:

o Efficiency of markets

o Costs of taxation

o Benefits of international trade

Cite a minimum of one peer-reviewed source

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Microeconomics: Explain why equilibrium of supply and demand is desirable
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