History, asked by briandjoe2019, 2 months ago

If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?

Answers

Answered by sanjudnath
0

Explanation:

A shortage exists if the quantity of a good or service demanded exceeds the quantity supplied at the current price; it causes upward pressure on price. An increase in demand, all other things unchanged, will cause theequilibrium price to rise; quantity supplied will increase.

Answered by piyush0356
1

Answer:

A shortage exists if the quantity of a good or service demanded exceeds the quantity supplied at the current price; it causes upward pressure on price. An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase.

Explanation:

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