(Answered) when determining shortage or surplus how do we determine pressurewhen determining shortage or…

➤ When does pressure force prices back toward equilibrium?
Pressure moves prices toward equilibrium when buyers or sellers change behavior in response to signals. Higher prices reduce demand and attract supply; lower prices increase demand and discourage supply. The speed depends on price elasticity, inventory buffers, production lag, and regulations. Markets with flexible prices adjust faster than those with rigid pricing.