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Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $5 each. At the end of the day she is disappointed that she only sold three cupcakes.


This market model is in a [______]? (this is an economics question but I can't choose that as a subject..)

Respuesta :

michell96

The situation described refers to an economic imbalance.

Economic imbalance is an economic term that refers to:

  • The scenarios in which an economy does not show an equilibrium between two magnitudes that belong to it. For example:

The economic imbalance commonly occurs when the supply of a product or service and its demand are not balanced, on the contrary, they suffer variations that alter the market equilibrium.

According to the above, Georgina experienced this phenomenon (economic imbalance) with her idea of selling cupcakes at her school because the supply (12 cupcakes) greatly exceeded the demand for cupcakes from her schoolmates (3 cupcakes).

Learn more in: https://brainly.com/question/12414419