which occurs during disequilibrium? check all that apply. supply and demand meet. supply is less than…
which occurs during disequilibrium? check all that apply. supply and demand meet. supply is less than demand. supply and demand set prices. supply is greater than demand. supply and demand set production.
Answer
Brief Explanations:
In economics, disequilibrium occurs when supply and demand are not equal. When supply meets demand, it's equilibrium. Supply - demand setting prices and production is a general market - mechanism concept not exclusive to disequilibrium. Disequilibrium happens when supply is less than demand (shortage) or supply is greater than demand (surplus).
Answer:
B. Supply is less than demand. D. Supply is greater than demand.