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How the model of Supply & Demand has helped you understand the equilibrium outcomes (Price and Quantity) that exist in the market for a good/service/resource

How the model of Supply & Demand has helped you understand the equilibrium outcomes (Price and Quantity) that exist in the market for a good/service/resource (like your own labor) you have recently contemplated purchasing or selling. (Describe how the Equilibrium Price and Quantity have adjusted due to a change in a determinant of Supply and/or Demand)

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