9
QuizMultiple Choice

Determining Market Price

Question 9 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Disequilibrium occurs when

Answer
q
quantity supplied is equal to quantity demanded.
q
quantity supplied does not equal quantity demanded.
s
supply coordinates with price.
s
supply coordinates with quantity.

Explanation

Disequilibrium occurs when the quantity buyers want to purchase differs from the quantity sellers want to sell at a given price. If quantity supplied equals quantity demanded, the market is in equilibrium, so choice B, “quantity supplied does not equal quantity demanded,” is correct.

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