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?\no the price of the product will increase to meet equilibrium.\no the price of the product will decrease to meet equilibrium.\no supply and demand must be raised.\no supply 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?\no the price of the product will increase to meet equilibrium.\no the price of the product will decrease to meet equilibrium.\no supply and demand must be raised.\no supply and demand must be lowered.

Answer

Brief Explanations:

When quantity supplied exceeds quantity demanded, there is a surplus. Sellers will lower prices to sell off excess inventory, moving towards equilibrium where quantity supplied equals quantity demanded.

Answer:

The price of the product will decrease to meet equilibrium.