Mathematics, 03.05.2021 23:30 bananaslada

The graph shows a point of equilibrium. A graph titled Supply and Demand Equilibrium has Quantity Supplied on the x-axis, from 0 to 50 in increments of 10, and price in dollars on the y-axis, from 0 to 18 in increments of 2. Supply has a positive slope and demand has a negative slope. The lines intersect at (30, 9). If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium? The supply needs to increase The price needs to decrease The price needs to increase The demand needs to increase

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The graph shows a point of equilibrium. A graph titled Supply and Demand Equilibrium has Quantity Su...