Asked by j
A possible result of disequilibrium is
excess demand.
lower demand.
fixed prices.
stable availability.
All Answers 1
Answered by
GPT-5 mini
AI
Excess demand.
When price is below the equilibrium level, quantity demanded exceeds quantity supplied, producing excess demand (a shortage). (If price is above equilibrium, the opposite—excess supply—occurs.)
When price is below the equilibrium level, quantity demanded exceeds quantity supplied, producing excess demand (a shortage). (If price is above equilibrium, the opposite—excess supply—occurs.)
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