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If the price of tablets is raised above the equilibrium, there will be a

a.shortage of tablets and price will rise
b.surplus of tablets and price will rise
c.shortage of tablets and price will fall
d. surplus of tablets and price will fall

User SeeJayBee
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Final answer:

Raising the price of tablets above equilibrium results in a surplus and causes prices to fall as sellers attempt to sell unsold inventory.

Step-by-step explanation:

If the price of tablets is raised above the equilibrium, this will typically cause a surplus of tablets on the market.

Since the price is higher than what many consumers are willing to pay, there will be fewer buyers, and as a result, more unsold inventory.

This surplus then tends to exert a downward pressure on prices as sellers seek to clear unsold tablets.

Hence, the prices will generally begin to fall to reach a new equilibrium where the quantity demanded equals the quantity supplied again.

User Angela P
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