Explanation:

- Option 1: Demand > Supply

- When demand is greater than supply, goods are scarce.

- This can lead to higher prices as buyers compete for limited goods.

- Option 2: Demand < Supply

- When demand is less than supply, there is excess.

- This often results in lower prices to clear the surplus.

- Option 3: Demand = Supply

- At this point, the market is in equilibrium.

- Prices are stable as the quantity supplied meets the quantity demanded.

- This is the point where price is determined.

- Option 4: None of these

- This option is incorrect as equilibrium (Option 3) sets the price.