ECONOMICS SECTION

Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.  Understanding how market equilibrium is sought following such a change is essential for business managers. It is important to understand how economic principles, and specifically supply, demand, and their determents are a part of your everyday business decisions.
 

Analyze a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move between two equilibrium states (for example, Hurricane Katrina).  Explain the process of how that movement occurred using behaviors of consumers and suppliers.

PAPER TO BE DONE JUST ON THIS PART BELOW

Consider the Law of supply and the determinants of supply
Describe Efficient markets theory

This is going to be about hurricane Sandy