When quantity supplied is greater than quantity demanded,
a. price will fall to its equilibrium level
b. price will rise to its equilibrium level
c. price may rise, fall, or stay the same, depending on a variety of factors
Answer: A
When quantity supplied is greater than quantity demanded,
a. price will fall to its equilibrium level
b. price will rise to its equilibrium level
c. price may rise, fall, or stay the same, depending on a variety of factors