if quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve…

if quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?\nthe supply needs to increase\nthe price needs to decrease\nthe price needs to increase\nthe demand needs to increase

if quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?\nthe supply needs to increase\nthe price needs to decrease\nthe price needs to increase\nthe demand needs to increase

Answer

Brief Explanations:

When quantity demanded exceeds quantity supplied, there is a shortage. In a market - based system, to reach equilibrium, an increase in price will reduce the quantity demanded (due to the law of demand) and increase the quantity supplied (due to the law of supply).

Answer:

The price needs to increase