Answer:
True.
Step-by-step explanation:
I think its true.
If there are more consumers than producers, then the consumers will compete with each other to get the product. The price of the product will go up.
If there are more producers and consumers may be wonderful for the consumers because the producers will lower their price to try and get your business. The problem is, if they lower it too far, they are in danger of going out of business because they are not making any money.
At equilibrium both sides of the equation are balanced. The price ought to remain stable.