If the quantity demanded of a good is greater than the quantity supplied of the good at the current price,then

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Quizplus · Accepted Answer

When quantity demanded is greater than quantity supplied, there is excess demand, which will cause prices to increase until it reaches the equilibrium price. This is because buyers will be competing for a limited supply of the good, leading to higher prices. Eventually, as the price increases, some buyers will drop out of the market, and some sellers may enter the market, increasing the quantity supplied and reducing the quantity demanded, until the equilibrium point is reached.

If the Quantity Demanded of a Good Is Greater Than