explain the difference between market equilibrium and market disequilibrium
Answers
Answer:
market is the place kha sbhi
Explanation:
saman multi hai. kan apina etc
andmarket dieqillbrium is vice versa
Market equilibrium basically indicates that the market is balanced or in other words,the market demand for any good or service is equal to the overall market supply at a particular market price,which is called equilibrium price.
Market disequilibrium indicates any deviation or shift from the condition of the market equilibrium as specified in the above explanation.
Explanation:
Market equilibrium is a common and desired market outcome which implies that whatever amount of the concerned good or services demanded by all the consumers or buyers in the market is equal to the overall supply level of that good or service by the sellers or producers.At the equilibrium the market is balanced as the total demand for any product or service is equal or identical to its overall supply level and the market is cleared.The quantity and the price at which market equilibrium occurs are known as equilibrium quantity and equilibrium price respectively.
In contrast,market disequilibrium reflects any deviation or shift from the equilibrium situation or condition in the market.It indicates that the market demand and market supply for any particular good or service are not equivalent or identical.Either market demand is greater than the supply level which causes excess demand or shortage in the market or market supply is greater than the market demand which leads to excess supply or excess supply in the market for any good or service.