both excess supply and excess demand are a result of○ equilibrium.○ disequilibrium.○ overproduction.○…

both excess supply and excess demand are a result of○ equilibrium.○ disequilibrium.○ overproduction.○ elasticity.

both excess supply and excess demand are a result of○ equilibrium.○ disequilibrium.○ overproduction.○ elasticity.

Answer

Brief Explanations:

Excess supply (quantity supplied > quantity demanded) and excess demand (quantity demanded > quantity supplied) occur when the market price is not at the equilibrium level, meaning the market is not in a state of balance. This imbalance is defined as disequilibrium. Equilibrium is the balanced state, overproduction only describes excess supply, and elasticity refers to responsiveness of quantity to price changes, not the cause of these imbalances.

Answer:

disequilibrium.