Explain why prices above or below the equilibrium level are note stable in the long run?

Prices above or below the equilibrium level are not stable in the long run because they create imbalances in supply and demand. When prices are above equilibrium, excess supply leads to unsold goods, prompting sellers to lower prices. Conversely, when prices are below equilibrium, excess demand results in shortages, causing buyers to compete for limited goods and drive prices up. These adjustments continue until the market returns to equilibrium, where supply equals demand.