-Refer to the figure above. If the price of sunglasses is currently $30, market forces will cause the quantity supplied to _________ and the quantity demanded to until the price is equal to________ the equilibrium price.

Question

Quizplus · Accepted Answer

If the price is above the equilibrium price, the quantity supplied will increase and the quantity demanded will decrease, leading to a surplus. Market forces will then push the price down towards the equilibrium.

-Refer to the Figure Above