The market is considered to be _____ if the quantity demanded does not equal quantity supplied

Marketing Jan 13, 2021

The market is considered to be _____ if the quantity demanded does not equal quantity supplied.

a) black market

b) equilibrium

c) disequilibrium

d) non-competitive

Expert Solution

When the quantity demanded is not equal to the qunitit supplied, the market has not reached to the equilibrium. (c) is true. Note that in a non-competitive market also in equilibrium, demand equals supply.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote