Problem
Explain why, if the price of a good is above the equilibrium price, the forces of supply and demand will tend to push the price toward equilibrium. Explain why, if the price of the good is below the equilibrium price, the market will tend to adjust toward equilibrium.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.