If the quantity demanded of good X is greater than the quantity supplied of good X,then the market for good X is in disequilibrium.

Question

Quizplus · Accepted Answer

When the quantity demanded of good X is greater than the quantity supplied of good X, it indicates that there is excess demand for the good in the market, which creates a shortage. This is a sign that the market is in disequilibrium because the price is below the equilibrium price that balances supply and demand.

If the Quantity Demanded of Good X Is Greater Than