4. Economic disequilibrium is BEST described by which of the following phrases? A situation in which a product's price and available quantity are out of balance A situation in which a product's price and popularity are out of balance A situation in which a product's price and available quantity are in perfect balance A situation in which a product's price and popularity are in perfect balance

## Step 1<br />Economic disequilibrium is a term used to describe a situation where the market is not in a state of balance. This imbalance can occur due to various factors such as changes in supply and demand, changes in consumer preferences, or changes in the price of the product.<br /><br />## Step 2<br />The first option, "A situation in which a product's price and available quantity are out of balance", accurately describes economic disequilibrium. This is because when the price of a product does not match the available quantity, it indicates that the market is not in a state of balance.<br /><br />## Step 3<br />The other options, "A situation in which a product's price and popularity are out of balance", "A situation in which a product's price and available quantity are in perfect balance", and "A situation in which a product's price and popularity are in perfect balance", do not accurately describe economic disequilibrium. This is because they either focus on the popularity of the product or suggest that the market is in a state of balance, which is not the case in economic disequilibrium.