_____ is a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium.

Name: _____ is a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium.
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Question

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Disequilibrium occurs when the quantity demanded and the quantity supplied are not equal, leading to either excess supply (surplus) or excess demand (shortage) in the market. It is a temporary situation as the market adjusts to find a new equilibrium price and quantity.

_____ Is a Temporary Mismatch Between Quantity Supplied and Quantity