Answer:
When equilibrium price of a good is more than its market price, then there will be competition among the buyers. This is because when the equilibrium price of a good is above the market price then it implies that there is a situation of excess demand. This is explained with the help of the following diagram: 
From the above figure, we can analyse that the market demand curve DD and the market supply curve SS intersects each other at the point \[{{E}_{1}},\] which is known as equilibrium. The corresponding price and quantity are regarded as equilibrium price and equilibrium quantity, \[O{{P}_{e}}\] and \[O{{q}_{e}}\]. In other words, if the market price \[{{P}_{s}}\] is below the equilibrium price then at this price the market demand is more than the market supply. This implies a situation of excess demand. Thus, due to this the competition will exist among the buyers.
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