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If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?
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32 votes
32 votes
If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach

equilibrium?

User Kangaswad
by
2.8k points

2 Answers

12 votes
12 votes

Answer:

The price of the product will decrease to meet equilibrium.

Step-by-step explanation:

The price of the product will increase to meet equilibrium.

The price of the product will decrease to meet equilibrium.

Supply and demand must be raised.

Supply and demand must be lowered.

User Maksim Solodovnikov
by
3.0k points
7 votes
7 votes

Answer:

the price of the product will decrease to meet equilibrium

Step-by-step explanation:

in order to meet it, it has to decrease.

User Mcompeau
by
2.9k points
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