Use terms from the following list to complete the blanks below

Terms: is less than, is greater than, is equal to, increase, decrease, remain the same.

1. At the equilibrium, the quantity demanded ....... quantity supply and price will .........

2. At a price above equilibrium, the quantity demanded ........ quantity supply and price will ........

3. At a price below equilibrium, the quantity demanded .......... quantity supply and price will .....