Supply and Demand Flashcards
1
Q
What does equilibrium mean?
A
State of equality/balance between market demand and supply.
2
Q
What is disequilibrium?
A
Demand and supply are out of balance.
AS Level Economics - Micro > Supply and Demand > Flashcards
What does equilibrium mean?
State of equality/balance between market demand and supply.
What is disequilibrium?
Demand and supply are out of balance.
AS Level Economics - Micro (11 decks)