Asked by Deangelo Johnson on Apr 24, 2024
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Disequilibrium occurs due to the absence of government intervention in certain markets.
Disequilibrium
The condition that exists in a market when the plans of buyers do not match those of sellers; a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium
Government Intervention
Actions taken by a government to influence or regulate various activities in its economy, which can include fiscal policy, monetary policy, tariffs, and regulation.
- Recognize the conditions that lead to market disequilibrium and how markets adjust to changes.
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Learning Objectives
- Recognize the conditions that lead to market disequilibrium and how markets adjust to changes.
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