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If the market price is higher than the equilibrium price.

熱度 9已有 1550 次閱讀2019-11-5 08:20

 If the market price is higher than the equilibrium price.
  a surplus exists and the market price will fall until it equals the equilibrium price and the surplus is eliminated.
  a shortage exists and the equilibrium price will rise until it equals the market price and the shortage is eliminated.
  a shortage exists and the market price will fall until it equals the equilibrium price and the shortage is eliminated.
  a surplus exists and the equilibrium price will rise until it equals the market price and the surplus is eliminated.

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