What would happen if suppliers charge less than the equilibrium price for a good or service?

What happens if they charge more?

Question

What would happen if suppliers charge less than the equilibrium price for a good or service?

What happens if they charge more?

asnaseer · Answer

fghjkl: Welcome to OpenStudy!

Since this is your first question I assume you are not familiar with the site yet. The question you have posted is more suited to the Economics group.

Please Close this Question and then click on the blue "Find More Subjects" link at the top of this web page and join the Economics group.

If you post this question there then you will have more chance of finding someone that is able to help.

If you still find no one to help you (as some groups are quieter than others) then please feel free to post a link to your question in any of the chat windows and ask the users there for assistance.

apoorvk · Answer

What @asnaseer says. Plus, see if this graph helps: http://stephansmithfx.com/wp-content/uploads/2011/01/Supply-and-Demand-Graph.png

anonymous · Answer

@asnaseer  thanks sorry and yes it is 
and @apoorvk  thanks

apoorvk · Answer

No worries.

asnaseer · Answer

np @fghjkl :)