price fixed above the equilibrium is to

When the price is fixed above the equilibrium, it leads to a situation where the quantity supplied by the producers is more than the quantity demanded by the consumers. This usually happens when the government wants to protect agricultural producers from the market forces of demand and supply. By fixing the price above the equilibrium, the government ensures that the producers get a higher price for their produce than what they would get in a free market. However, this policy can also lead to some negative consequences. It can discourage producers from improving the quality of their produce or from being efficient in their production because they are guaranteed a high price regardless of the quality or efficiency. Also, it can lead to surpluses of unsold goods, which can be wasteful and costly to the government. Overall, fixing the price above the equilibrium is a policy that favours agricultural producers at the expense of consumers, and it is often used as a form of protectionism.