Question

all else equal, if the price in a market is set above the equilibrium price, there will be which of the following? a downward sloping supply curve an upward sloping demand curve excess supply excess demand

Explanation:

When a market price is set above the equilibrium price, producers are willing to supply more goods at the higher price, while consumers demand fewer goods due to the elevated cost. This creates a situation where the quantity supplied exceeds the quantity demanded. The shape of supply and demand curves is a fundamental market characteristic and does not change due to a price shift above equilibrium.

Answer:

excess supply