Final answer:
Equilibrium in supply and demand ensures market balance, while price drops below this point cause disequilibrium.
Explanation:
Equilibrium in economics refers to the point where supply and demand intersect, resulting in a balance between the quantity demanded and the quantity supplied in a market. When prices drop below this equilibrium point, it leads to a situation of either excess demand or excess supply, causing disequilibrium in the market.
Learn more about Supply and Demand here:
https://brainly.com/question/32830463
