Question

Can you explain why there is no preasure for the equlibirium price to change

Answer 1

Answer:

equilibrium

Explanation:

There is an excess supply and this surplus creates pressure for the price to fall. If the price is below equilibrium, there is excess demand and the shortage creates pressure for the price to rise. Only at the equilibrium price is there no pressure for price to rise or fall.

Answer 2

Answer:

There is an excess supply and this surplus creates pressure for the price to fall. If the price is below equilibrium, there is excess demand and the shortage creates pressure for the price to rise. Only at the equilibrium price is there no pressure for price to rise or fall.

Explanation:

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