which occurs during disequilibrium? check all that apply.\nsupply and demand meet.\nsupply is less than…
which occurs during disequilibrium? check all that apply.\nsupply and demand meet.\nsupply is less than demand.\nsupply and demand set prices.\nsupply is greater than demand.\nsupply and demand set production.
Answer
Brief Explanations:
In disequilibrium, supply and demand are not equal. When supply is less than demand (shortage) or supply is greater than demand (surplus), it's a state of disequilibrium. Supply and demand meeting is equilibrium. While supply and demand influence prices and production in general market - dynamics, these are not defining characteristics of disequilibrium.
Answer:
Supply is less than demand. Supply is greater than demand.