Explain why equilibrium of supply and demand is desirable.

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Explain why equilibrium of supply and demand is desirable.

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:
    • Efficiency of markets
    • Costs of taxation
    • Benefits of international trade

Cite a minimum of one peer-revie

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