AP Microeconomics (Unit 2.7 - Market Disequilibrium & Changes in Equilibrium)

In this video, I discuss market disequilibrium and the effects on producer/consumer surplus. Market disequilibrium is a state of imbalance in a market where the quantity of a good or service supplied does not equal the quantity demanded. This means the market is not clearing at the current price, leading to either a surplus or a shortage.