Answer:2. there are no pressures on price to either rise or fall.
Step-by-step explanation:
2. there are no pressures on price to either rise or fall.
Step-by-step explanation:
At equilibrium, quantity demanded is equal to quantity supplied. There is no excess supply or excess demand. There are no pressures on price to either rise or fall.
When quantity demanded exceeds quantity supplied, there's excess demand and there are pressures for price to rise.
When quantity demanded is less than quantity supplied, there's excess supply and there are pressures for price to fall.