What is the difference between equilibrium price and disequilibrium price?

What is the difference between equilibrium price and disequilibrium price? The price that brings about this situation is the equilibrium price. It is the perfect price for that product at that time and place. However, there can be disequilibrium prices. These are prices that are too high or too low for a given product, time, … Continue reading What is the difference between equilibrium price and disequilibrium price?