both excess supply and excess demand are a result of equilibrium. disequilibrium. overproduction. elasticity.
both excess supply and excess demand are a result of equilibrium. disequilibrium. overproduction. elasticity.
Answer
Brief Explanations:
Excess supply occurs when quantity supplied is greater than quantity demanded, and excess demand when quantity demanded is greater than quantity supplied. These situations deviate from market - equilibrium, which is a state of disequilibrium.
Answer:
B. disequilibrium