Asked by Anonymous
The market is considered to be _____ (black market/equilibrium/disequilibrium/non-competitive) if quantity demanded does not equal quantity supplied.
I'm not sure what the answer is... I narrowed it down to either disequilibrium or non-competitive. Disequilibrium because Qd =/= Qs. Non-competitive because if it's not in equilibrium, then that means the firms are not price takers in the market.
What is the right answer?
I'm not sure what the answer is... I narrowed it down to either disequilibrium or non-competitive. Disequilibrium because Qd =/= Qs. Non-competitive because if it's not in equilibrium, then that means the firms are not price takers in the market.
What is the right answer?
Answers
Answered by
Writeacher
My son (who works in/on the market) writes:
"I would stick with disequilibrium. Is that really a word?
"The market is always either undersupplied or oversupplied. This is what makes stocks move up or down."
"I would stick with disequilibrium. Is that really a word?
"The market is always either undersupplied or oversupplied. This is what makes stocks move up or down."
Answered by
economyst
I agree; disequilibrium.
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