If the actual market price differs from the equilibrium price,buyers and sellers tend to make economic choices that restore the equilibrium level.

Question

Quizplus · Accepted Answer

When the actual market price is above or below the equilibrium price, it creates either a surplus or a shortage, respectively. Buyers and sellers adjust their demand and supply in response to these conditions, which tends to push the market back towards the equilibrium price where supply equals demand.

If the Actual Market Price Differs from the Equilibrium Price,buyers