The market is considered to be _____ (black market/equilibrium/disequilibrium/non-competitive) if quantity demanded does not equal quantity supplied.

Question

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?

Answer 1

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."

Answer 2

I agree; disequilibrium.