The statement, "When the price of a good is higher than the equilibrium price, sellers desire to produce and sell more than buyers wish to purchase," is False.

When price prevailing in the market is higher than the equilibrium price, demand will be less than supply, i.e. there is excess supply in the market.

11 окт. 2023 г. · When the price of a good is higher than the equilibrium price, a surplus occurs, because sellers want to produce and sell more than what buyers ...

When the price is above the equilibrium, a surplus occurs due to higher quantity supplied and lower quantity demanded.

16 сент. 2023 г. · In summary, when the price is above the equilibrium price, a shortage occurs because buyers wish to purchase more than what is available at that ...

If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. There is a surplus of ...

14 янв. 2024 г. · When the price of a good is higher than the equilibrium price, sellers desire to produce and sell more than buyers wish to purchase.

4 мар. 2024 г. · If the price is above the equilibrium level, then the quantity supplied will exceed the quantity demanded. Excess supply or a surplus will ...

If the price is above the equilibrium level, then the quantity supplied will exceed the quantity demanded. Excess supply or a surplus will exist. In either case ...