Answers

  • Brainly User
2014-09-30T18:14:40+05:30
If the price is above the equilibrium then there is an excess supply of the product and if the price is below the equilibrium, then there is an excess demand.Any excess supply of a product will tend to force the price down towards the equilibrium, while any excess demand will tend to force the price up as shortages of the product emerge.
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