Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Supply and Demand Equilibrium
187
16-
14-
12-
Price in Dollars
10-
8-
6-
4-
2- Supply
Demand
0
10
20
30
40
50
Quantity Supplied
If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach
equilibrium?
O The price of the product will increase to meet equilibrium.
The price of the product will decrease to meet equilibrium.

Sagot :

Answer:

answer: the price product qualibirim is 4

Explanation:

just did test

Parrain

If a situation arises where supply is greater than quantity demanded, then in order to reach equilibrium, The price of the product will decrease.

What happens when quantity supplied is greater than demanded?

When the quantity supplied of a good is greater than quantity demand, it means that there are more goods than people need.

As a result, prices will drop in order to get people to buy more goods which would mean that equilibrium price has reduced.

#SPJ5

Find out more on quantity supply at https://brainly.com/question/5497760.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.