what happens when supply is greater than demand?\nprices rise until equilibrium is reached.\nprices fall…
what happens when supply is greater than demand?\nprices rise until equilibrium is reached.\nprices fall until equilibrium is reached.\ndemand rises to meet the supply.\nsupply falls to meet demand.
Answer
Answer:
B. Prices fall until equilibrium is reached.
Brief Explanations:
In economics, when supply exceeds demand, there is a surplus. Sellers lower prices to sell excess goods, moving towards equilibrium.