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Market Disequilibrium
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Summary
Market disequilibrium happens when the amount of stuff people want to buy doesn't match the amount of stuff available to buy. This can make prices go up or down until everything balances out again.
Concepts
Supply And Demand
Price Ceiling
Price Floor
Shortage
Surplus
Equilibrium Price
Market Forces
Consumer Surplus
Producer Surplus
Elasticity
Relevant Degrees
Economic Theory and Concepts 70%
Price Formation and Costs 30%
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