Market Disequilibrium: Surpluses and Shortages
Understanding the causes and effects of prices being above or below equilibrium.
Key Questions
- Explain the conditions that lead to a market surplus or shortage.
- Analyze how surpluses and shortages create incentives for price adjustments.
- Predict the long-term consequences of persistent market disequilibrium.
MOE Syllabus Outcomes
Suggested Methodologies
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