both excess supply and excess demand are a result of\no equilibrium.\no disequilibrium.\no…

Brief Explanations:

In economics, equilibrium is when supply equals demand. Excess supply (surplus) and excess demand (short - age) occur when this balance is disrupted, which is disequilibrium. Overproduction only relates to excess supply, and elasticity measures responsiveness of quantity demanded or supplied to price changes.

Answer:

B. disequilibrium