determining market price| Question and Answers (A+ guide solution)

Both excess supply and excess demand are a result of - disequilbrium Supply and demand coordinate to determine prices by working - together. A car dealer who does not have enough customers for a supply of new cars faces - disequilibrium. The graph shows a point of equilibrium. If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium? - The price of the product will decrease to meet equilibrium. Which occurs during market equilibrium? Check all that apply. 1- Supply and demand meet at a specific price. 2- Supply is slightly greater than demand. 3- Supply and demand meet at a specific quantity. 4- Supply and demand meet at a demand point. 5- Supply and demand meet at a supply point. - not 1,3,5 The graph shows excess supply