If the Market Price Is Above the Equilibrium Price, Which

Multiple Choice

If the market price is above the equilibrium price, which of the following will occur?

A) Quantity demanded will exceed quantity supplied and the market price will eventually fall.
B) Quantity demanded will exceed quantity supplied and the market price will eventually rise.
C) Quantity supplied will exceed quantity demanded and the market price will eventually fall.
D) Quantity supplied will exceed quantity demanded, and the market price will eventually rise.