2.7 Market Disequilibrium and Changes in Equilibrium
Section 1 of 6
Market Disequilibrium and Changes in Equilibrium
Interactive Content
Note:
All content in this lesson is interactive. Hover over the
glowing blue terms
to learn more about a Vocabulary term. Hover over the icons to learn more about a Key Formula or Graph. Hover over any line, point,
or curve on any graph or diagram to learn more about it.
In economics, market equilibrium occurs when the quantity supplied equals the quantity demanded at a given price. However, markets can experience disequilibrium due to various factors, leading to surpluses and shortages. Understanding how these changes affect equilibrium helps in analyzing market dynamics and consumer behavior.
Nova
Ask Nova a question!