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4 votes
If supply for a product is high but demand is low, what most likely needs to happen to achieve equilibrium?

A. The price of the product must go up.
B. The price of the product must go down.
C. Supply and demand must be raised.
D. Supply and demand must be lowered.

asked
User KcFnMi
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2 Answers

4 votes

The answer is C. The supply needs to be raised on e2020

answered
User Winson
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7.8k points
3 votes
If supply for a product is high but demand is low, the one that most likely needs to happen to achieve equilibrium is: B. The price of the product must go down.

High supply of product will create an abundance in the market. By lowering the price of the product, it will attract more consumers for that product (icnreasing its demand) and will eventually lower the product abundance and bring the curve into equilibrium
answered
User Ktm
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8.0k points

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