28
QuizMultiple Choice

N/A — Exam

Question 28 • Economics

Which occurs during disequilibrium? Choose two correct answers.

Answer
A
Supply and demand set prices.
B
Supply is less than demand.
C
Supply and demand set production.
D
Supply and demand meet.
E
Supply is greater than demand.

Explanation

Disequilibrium occurs when the quantity supplied and the quantity demanded are not equal. Supply can be greater than demand, creating a surplus, or less than demand, creating a shortage. When supply and demand meet, the market is in equilibrium instead.

AI-written and checked against the verified answer.

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