If buyers and sellers both expect future prices to increase, the current equilibrium price will decrease.
Equilibrium price, also called market clearing price, is the consumer cost attributed to a product or service for which demand and supply are equal or nearly equal. In economics, economic equilibrium is a situation in which economic forces such as demand and supply are in balance, and the values of economic variables do not change without external influences.
Equilibrium is a state in which market demand and supply are in equilibrium, resulting in stable prices. In general, an oversupply of goods and services leads to falling prices, which leads to an increase in demand, while an undersupply or shortage leads to a rise in prices, which leads to a decrease in demand.
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a. Current equilibrium price will decrease.
b. Current equilibrium price will increase.
c. current equilibrium price will be unlikely to change.
d The current equilibrium price could decrease, increase, or remain the same.
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