Equilibrium is when supply and demand is balanced or equivalent, whereas disequilibrium doesn't attain equilibrium which is either above or below equilibrium.
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equilibrium is the responsiveness of quantity demand to a change in price.
To determine producer surplus at equilibrium, calculate the area above the supply curve and below the equilibrium price. This represents the difference between the price producers are willing to accept and the price they actually receive, indicating their surplus.
The relationship between price asked and quatity supplied.
The two states of disequilibrium are shortages and surpluses. A shortage is caused by excess demand that drives prices up; in other words there is not enough supply to meet demands until other suppliers see the high prices and try to get some of that money too, and then competition drives prices to a lower equilibrium price. A surplus is when an excess in supply leads to a decrease of price which leads to an increase of demand until an equilibrium is reached; there is more than enough supply to meet demand, in other words.
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