what happens when the quantity of a good supplied at a given price is greater than the quantity demanded?\n…
what happens when the quantity of a good supplied at a given price is greater than the quantity demanded?\n excess supply\n stable prices\n exact equilibrium\n increased production
Answer
Brief Explanations:
In economics, when quantity supplied exceeds quantity demanded at a given price, there is more of the good available than consumers want to buy. This is known as excess supply. Stable prices occur at equilibrium where supply equals demand. Exact equilibrium is when supply and demand are equal. Increased production would typically increase supply further rather than address the situation of supply - demand imbalance where supply is already high.
Answer:
A. excess supply