QUESTION IMAGE
Question
what happens when the quantity of a good supplied at a given price is greater than the quantity demanded?
○ excess supply
○ stable prices
○ exact equilibrium
○ increased production
Brief Explanations
When the quantity of a good supplied at a given price is greater than the quantity demanded, there is an excess supply in the market. This situation occurs when producers supply more of a product than consumers are willing to buy at that price.
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excess supply