Answer:
Choose whether each scenario demonstrates equilibrium, excess supply, or excess demand.
✔ excess demand
The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.
✔ excess supply
Demand for a new truck is beginning to increase, but car dealerships still have too many of these trucks on their lots.
✔ excess supply
The price for a popular holiday toy has risen too high, and consumers are not purchasing items in stock in stores.
Explanation: