I doubt if either of your answers is correct. (Please note that I'm not an economist.)
I think this site has your answer.
http://en.wikipedia.org/wiki/Economic_equilibrium
When quantity supplied equals quantity demanded:
A. there is disequilibrium
B. the marked is cleared
C. there is excess quantity demanded.
D. there is excess quantity supplied
I'm stuck between C and D but I think it's D?
1 answer