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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Disequilibrium
Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand.
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If a shortage exists in the car market, then the current price must be(higher or lower)  than the equilibrium price. For the market to reach equilibrium, you would expect ( persistent excess demand, sellers to offer lower price or buyer to offer higher price).
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