If price falls below the equilibrium

If the price falls below the equilibrium, then the quantity demanded by buyers will increase because they will see the lower price as a better deal. At the same time, the quantity supplied by sellers will decrease because they will not be as motivated to produce or sell at the lower price. This creates a situation where there is excess demand, meaning that buyers want to buy more than there is available for sale. As a result, the answer is that demand will be greater than supply. This excess demand puts upward pressure on prices as buyers are willing to pay more to secure the limited supply. Eventually, the price will increase to the equilibrium level where demand equals supply again, restoring balance to the market.