Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.3 Market Equilibrium: Bringing Demand and Supply Together - Page 93: 3.2

less greater

When the price is less than the market equilibrium price, consumers want more of the goods than suppliers are willing to produce. When the price is greater than the equilibrium price, suppliers want to sell more of the goods than consumers are willing to purchase.