If sellers want to sell more products than buyers are willing to purchase, we know that:
A) the current price is less than the equilibrium price.
B) quantity demanded exceeds quantity supplied.
C) the current price is greater than the equilibrium price.
D) the demand curve will likely increase.

Question

Quizplus · Accepted Answer

If sellers want to sell more products than buyers are willing to purchase, it means that there is an excess supply of the product in the market, leading to a surplus. This, in turn, indicates that the current price is higher than what the equilibrium price should be. As a result, sellers might need to reduce the price to clear the surplus and reach the equilibrium point where quantity supplied equals quantity demanded. Therefore, option C is the correct choice. Option A, B, and D are incorrect because they suggest the opposite situation to the one described.

If Sellers Want to Sell More Products Than Buyers Are