A market in disequilibrium would feature:
A)a stable price.
B)consumers able to purchase all they wish at the market price.
C)a stable quantity.
D)either excess supply or excess demand.

Question

Quizplus · Accepted Answer

A market in equilibrium is one where the quantity demanded equals the quantity supplied, resulting in a stable price. In contrast, a market in disequilibrium is one where either excess supply or excess demand exists, resulting in a price adjustment towards equilibrium. Therefore, the best choice is D, which accurately describes a market in disequilibrium.

A Market in Disequilibrium Would Feature