04-04-2020
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Quantity Supplied
If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?
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.
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wilsonflw wilsonflw

06-04-2020

Answer:

The price of the product will decrease to meet equilibrium

Explanation:

IF you have more supply, then demand you must lower the prices. This is so because you have more supply then people are buying. IF you lower the prices, more people will buy the product because it is cheaper. Thus reaching equilibrium faster.

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