Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
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graph paper is needed
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4
Here, I have presented the completion of your question.
The graph shows excess supply.
Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
A. It needs to be increased.
B. It needs to be decreased.
C. It needs to reach the price ceiling.
D. It needs to remain unchanged.
The correct answer for your question is option (A) It needs to be increased.
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