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

The price needs to increase

Explanation:

In this situation, there is a shortage because you cannot supply the demand for  certain good/service. To achieve equilibrium, where you demand and supply meet, or the point where  price at which you can supply enough to satisfy the deman, you will need to increase the price. The increase of price would decrease the demand to a point where you can supply enough.

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