Question

The graph shows a point of equilibrium. If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium? AThe supply needs to increase B The price needs to decrease CThe price needs to increase DThe demand needs to increase
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The answer is B- the price needs to decrease

Answer 1

Answer:

it should be C

Explanation:

if D>S ,producer will increase the price to reduce the demand.The rule for demand is lesser the price ,more is the demand and vice versa.

To get equilibrium price,

Quantity demanded = Quantity supplied

hence it should technically be C

Answer 2

Answer: It was C.

Explanation: I put B and got it wrong and told me it was C.

"DON'T MAKE THE SAME MISTAKE AS I DID" (MARK ME BRAINLIEST).