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3 years ago

What happens when the quantity of a good supplied at a given price is greater than the quantity demanded?

Business

1 answer:

aivan3 [116]3 years ago

5 0

Answer:

a. excess supply

Multiple choices

a. excess supply

b. stable prices

c. exact equilibrium

d. increased production

Explanation:

When the quantity supplied exceeds market demand at a particular price, there will be excess supply in the market. Excess supply means that customers will not buy all products availed in the market. In excess supply, losses are likely there no sufficient buyers for the products availed in the market.

Excess supply contrast with a market shortage. A shortage is when the quantity supplied is less than the quantity demanded.

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