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

Question

asked Feb 4, 2023 10.1k views

2 Answers

YSR Fan · Answer 1 · 2023-02-07T19:43:19+0000

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.

Giuseppe Marra · Answer 2 · 2023-02-11T02:53:23+0000

Answer:

the price of the product will decrease to meet equilibrium

Step-by-step explanation:

in order to meet it, it has to decrease.