Economics

posted by .

The market is considered to be _____ (black market/equilibrium/disequilibrium/non-competitive) if quantity demanded does not equal quantity supplied.

I'm not sure what the answer is... I narrowed it down to either disequilibrium or non-competitive. Disequilibrium because Qd =/= Qs. Non-competitive because if it's not in equilibrium, then that means the firms are not price takers in the market.

What is the right answer?

  • Economics -

    My son (who works in/on the market) writes:

    "I would stick with disequilibrium. Is that really a word?

    "The market is always either undersupplied or oversupplied. This is what makes stocks move up or down."

  • Economics -

    I agree; disequilibrium.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. More Economics

    I have an lazy instructor using test bank questions unrelated to my text and need some help. The second question is "anything that makes the efficiency wage rise relative to the market-clearing wage will...A) increase both the quantity …
  2. More Economics

    I have an lazy instructor using test bank questions unrelated to my text and need some help. The second question is "anything that makes the efficiency wage rise relative to the market-clearing wage will...A) increase both the quantity …
  3. economics

    suppose a competitive market consists of identical firms with a constant long run marginal cost of $10. Suppose the demand curve is given by q=1000-p a)What are the price and quantity consumed in the long run competitive equilibrium?
  4. Economics/Math

    Suppose there are four firms in a competitive market and that each firm has the following supply function. Supply functions for competitive firms Company Supply Function 1 Q1 = 16 + 4P 2 Q2 = -5 + 5P 3 Q3 = 32 + 8P 4 Q4 = - 60 +10P …
  5. economics

    Market research has revealed the following information about the market for chocolate bars. The demand schedule can be represented by the equation QD=1,600-300P, where QD is the quantity demanded and P is the price. The supply schedule …
  6. economics

    The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50 200 5 75 175 6 100 150 7 125 125 8 150 100 9 175 75 According to …
  7. economics

    When quantity supplied equals quantity demanded: A. there is disequilibrium B. the marked is cleared C. there is excess quantity demanded. D. there is excess quantity supplied I'm stuck between C and D but I think it's D?
  8. economics please ?

    When quantity supplied equals quantity demanded: A. there is disequilibrium B. the marked is cleared C. there is excess quantity demanded. D. there is excess quantity supplied I'm stuck between C and D but I think it's D?
  9. Economics

    Equilibrium is defined as the price at which the quantity demanded and the quantity supplied are equal. In the short run, equilibrium does not always occur. What terms describe disequilibrium?
  10. ECE311 Early childhood curriculum

    What is the correct temporal order by which a child learns to make sense of new information that is unlike anything the child has experienced before?

More Similar Questions