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timurjin [86]
3 years ago
14

If the price of a product is higher than the equilibrium, what will occur?

Social Studies
1 answer:
Sonbull [250]3 years ago
8 0

If the price of a product is higher than the equilibrium, there will be a surplus.

Option: A

Explanation:

Market equilibrium is reached when demand and supply curve intersect means there is an equal balance between demand and supply of the product in market. When the price of a product is higher than the equilibrium there will be a surplus of the product.

When producer produced enough product in comparison with demand what will happen? Producer will obviously sell his product in lower prices to make his stock clear. And when he lowers the price of product it will create huge demand means surplus of the product in the market.

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According to president johnson, The civil rights acts of 1964 was
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Critics of Piaget believe his timeline for the development of both __________ is too late.
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Critics of Piaget believe his timeline for the development of both object permanence and conservation is too late, as further explained below.

<h3>What is object permanence?</h3>

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<h3>What is conservation?</h3>

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Critics of Jean Piaget claim that the timeline for the development of both object permanence and conservation is too late. Therefore, the answer provided above is correct.

Learn more about object permanence here:

brainly.com/question/15094753

#SPJ11

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