7
RCMultiple Choice

Insurance — Cumulative exam

Question 7 • GA-GSE Personal Finance and Economics

A possible result of disequilibrium is

Answer
e
excess demand.
l
lower demand.
f
fixed prices.
s
stable availability.

Explanation

Disequilibrium occurs when the quantity buyers want is different from the quantity sellers provide at the current price. If buyers want more than sellers offer, the result is excess demand, also called a shortage. Therefore, “excess demand” is the correct choice.

AI-written and checked against the verified answer.

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