what happens when demand is greater than supply?\n○ demand falls to meet supply.\n○ supply and demand fall…

what happens when demand is greater than supply?\n○ demand falls to meet supply.\n○ supply and demand fall together.\n○ prices fall until equilibrium is reached.\n○ prices rise until equilibrium is reached.

what happens when demand is greater than supply?\n○ demand falls to meet supply.\n○ supply and demand fall together.\n○ prices fall until equilibrium is reached.\n○ prices rise until equilibrium is reached.

Answer

Brief Explanations:

When demand exceeds supply, there is a shortage. Sellers can charge higher prices due to competition among buyers for limited goods. This continues until equilibrium (where demand equals supply) is reached.

Answer:

Prices rise until equilibrium is reached.