Final answer:
When the price falls below equilibrium, it leads to excess demand or shortage, and the price starts rising toward equilibrium.
Step-by-step explanation:
When the price of a good falls below the equilibrium price, it leads to excess demand or a shortage. This means that the quantity demanded at the lower price exceeds the quantity supplied at that price.
As a result, eager buyers try to purchase the good, but find a limited supply, leading to a situation where the price starts rising toward the equilibrium level.