Both excess supply and excess demand are a result of
Asked by admin @ in Business viewed by 276 People
Both excess supply and excess demand are a result of
equilibrium
disequilibrium
overproduction.
elasticity
Answered by admin @
Answer:
disequilibrium
Explanation:
Disequilibrium is the state of the market when the external and internal forces are stopping from achieving the market balance, so the market is excessively falling out this balance. It can be short-term, or long-term
Disequilibrium happens when the supply is not equal to the demand, when the market is inequal, it can lead to excess supply and excess demand.
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