Equilibrium market prices (3.1.6) 0.0 / 5 ? EconomicsEquilibrium market prices (3.1.6)ASAQA Created by: lee42Created on: 30-05-19 16:26 What is the equilibrium? It is when demand meets supply 1 of 5 What is disequlibrium? Its when the market ia not at a stable price or quantity 2 of 5 When does excess supply/demand occur When the market is in disequilibrium 3 of 5 What is excess supply? It is the difference between QD and QS 4 of 5 What is excess demand? is is when QD exceeds QS 5 of 5
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