Any price below the equilibrium price will lead to

If the price of a good or service is below the equilibrium price, there will be excess demand in the market. This means that buyers will want to purchase more of the good or service than sellers are willing to supply at that price. As a result, there will be a shortage of the good or service, and some potential buyers will be unable to find what they want. In this situation, suppliers may choose to increase their production in order to take advantage of the higher demand, and as a result, the supply of the good or service will eventually increase. At the same time, the excess demand will put upward pressure on prices, which will eventually move towards the equilibrium price, where the quantity demanded equals the quantity supplied. Therefore, in summary, any price below the equilibrium price will lead to excess demand, which will eventually result in an increase in supply and a rise in prices towards the equilibrium level.