What are the attitudes of both the consumers and producers when the price is set to the equilibrium price but production is at a level to the
right
of the equilibrium quantity?
Producers are unhappy since they would have to sell for less than the minimum they're willing to accept.
Producers are happy since they are selling for more than the minimum they're willing to accept.
Consumers are unhappy since they'd have to pay more than what they're willing to pay.
Consumers are happy since they're paying less than what they're willing to pay.
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