Question

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

Explanation:

In economics, when quantity demanded exceeds quantity supplied, there is a shortage. Producers can raise prices to increase their profit - incentive. Higher prices will also reduce the quantity demanded according to the law of demand. This process continues until equilibrium is reached.

Answer:

The price needs to increase