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  • Price - Market Disequilibrium: 0455-Economics-Paper-1 1

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    Price-market disequilibrium occurs when the price level in a market is not equal to the equilibrium price, which is the price where the quantity demanded is equal to the quantity supplied. When the price is above the equilibrium level, there is a surplus of unsold goods and the quantity supplied exceeds the quantity demanded. When the price is below equilibrium, there is a shortage and the quantity demanded exceeds the quantity supplied. The market will adjust through changes in price until it reaches the equilibrium point where demand and supply are balanced.

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    Price-market disequilibrium occurs when the price level in a market is not equal to the equilibrium price, which is the price where the quantity demanded is equal to the quantity supplied. When the price is above the equilibrium level, there is a surplus of unsold goods and the quantity supplied exceeds the quantity demanded. When the price is below equilibrium, there is a shortage and the quantity demanded exceeds the quantity supplied. The market will adjust through changes in price until it reaches the equilibrium point where demand and supply are balanced.

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    © All Rights Reserved
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    20 views2 pages

    Price - Market Disequilibrium: 0455-Economics-Paper-1 1

    Uploaded by

    Ran
    Price-market disequilibrium occurs when the price level in a market is not equal to the equilibrium price, which is the price where the quantity demanded is equal to the quantity supplied. When the price is above the equilibrium level, there is a surplus of unsold goods and the quantity supplied exceeds the quantity demanded. When the price is below equilibrium, there is a shortage and the quantity demanded exceeds the quantity supplied. The market will adjust through changes in price until it reaches the equilibrium point where demand and supply are balanced.

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    © All Rights Reserved
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