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

Excess demand and excess supply only affect the market as a result of disequilibrium.

When the demand is not enough to meet the supply, this disequilibrium is called excess supply. The reverse is excess demand.

In conclusion, option B is correct.

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disequilibrium

Explanation:

Disequilibrium is the state of the market when the external and internal forces are stopping from achieving the market balance, so the market is excessively falling out this balance. It can be short-term, or long-term

Disequilibrium happens when the supply is not equal to the demand, when the market is inequal, it can lead to excess supply and excess demand.

answer; tech (a) is correct;

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