If price is below equilibrium in a market, then quantity supplied will be less than quantity demanded.

Name: If price is below equilibrium in a market, then quantity supplied will be less than quantity demanded.
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Question

Quizplus · Accepted Answer

When the price is below equilibrium, the lower price increases the quantity demanded by consumers but decreases the quantity supplied by producers, leading to a situation where quantity demanded exceeds quantity supplied.

If Price Is Below Equilibrium in a Market, Then Quantity