In a market where we observe a disequilibrium,quantity exchanged is determined
A)by the quantity demanded.
B)by the greater of quantity demanded and quantity supplied.
C)by neither quantity demanded nor quantity supplied.
D)by the lesser of quantity demanded and quantity supplied.
E)by the quantity supplied.

Question

Quizplus · Accepted Answer

In a disequilibrium, the quantity exchanged is determined by the lesser of quantity demanded and quantity supplied, as transactions can only occur up to the point where both parties agree.

In a Market Where We Observe a Disequilibrium,quantity Exchanged Is