Markets and the Economics of the Public Sector, writing homework help

You have been assigned to a team that has the responsibility of preparing a paper consisting of 250 – 300 words for the governor’s next economic conference. Your paper should address 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
 
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