5.2 - Disequilibrium
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Practice Questions
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Define surplus.
💡 Hint: Think about the balance between supply and demand.
What causes a shortage?
💡 Hint: Recall what happens when too many people want an item.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is disequilibrium?
💡 Hint: Think about what happens when products are left unsold.
True or False: A surplus occurs when demand exceeds supply.
💡 Hint: Recall the definitions of surplus and shortage.
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Challenge Problems
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Evaluate how a sudden increase in demand affects market equilibrium in the short term and long term. What adjustments do sellers and buyers make?
💡 Hint: Consider what sellers might do to meet growing demand and balance the market.
Analyze the impact of government interventions, like price controls, on a market experiencing severe shortage.
💡 Hint: Think about how suppliers react to capped pricing.
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