Question

2 What exists when there are shortages or surpluses in a market?
A excess demand
C market disequilibrium
B excess supply
Dmarket equilibrium
3 What occurs when the demand for a product exceeds the supply of the product due to the price being
lower than the market equilibrium?
A excess supply
C shortage
B market equilibrium
D surplus
4 Which situation exists when the price is set above the market equilibrium price, thus creating a
surplus in the market?
A excess demand
C market disequilibrium
B excess supply
D market equilibrium
5 The data below shows the demand and supply schedule for mushrooms each week. Which of the

Answer 1

Answer:

2). C market disequilibrium

3). C shortage

4). B excess supply.

Explanation:

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