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O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2023 · Q41 Mark

Which statement must be correct if a market is in disequilibrium?

AQuantity demanded and quantity supplied are equal.
BThe government must intervene if anything is to be sold.
CThere can be no changes to demand or supply.
DThere is excess supply or excess demand.

✓ Correct answer

D: There is excess supply or excess demand.

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2023 Paper 1 Variant 3, question 4.

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