if the quantity supplied is greater than the quantity demanded, what must happen to the price in order to…

if the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?\nthe price of the product will increase to meet equilibrium.\nthe price of the product will decrease to meet equilibrium.\nsupply and demand must be raised.\nsupply and demand must be lowered.

if the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?\nthe price of the product will increase to meet equilibrium.\nthe price of the product will decrease to meet equilibrium.\nsupply and demand must be raised.\nsupply and demand must be lowered.

Answer

Brief Explanations:

When quantity supplied > quantity demanded, there is a surplus. Sellers will lower prices to sell excess goods and reach equilibrium.

Answer:

The price of the product will decrease to meet equilibrium.