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

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asked Mar 13, 2020 94.8k views

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Shox · Answer 1 · 2020-03-18T19:58:26+0000

When quantity supplied is greater than quantity demand, the condition that needed for the price to reach equilibrium would be: The price of the product will decrease to meet equilibrium.

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

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