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Artyom0805 [142]
3 years ago
14

Both excess supply and excess demand are a result of

Social Studies
2 answers:
Nookie1986 [14]3 years ago
6 0
Both excess supply and excess demand are a result of disequilibrium.
juin [17]3 years ago
3 0

When there is excess supply or excess demand is called "market imbalance"

always customers want to buy cheaper products and traders sell more expensive products but you have to have a POINT OF EQUILIBRIUM, this is when you adjust the market so that the price of the product is fair and benefits everyone.

But when there is a lot of product at a very low price (excess supply) traders lose or when there is little product the price is very expensive (excess demand) damaging the customer


i hope it help you

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