Economy, asked by Aniyafalak, 11 months ago

Explain the meaning of excess supply and its effects on price.

Answers

Answered by Anonymous
2

In economics, an excess supply or economic surplus is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand. ... It is the opposite of an economic shortage (excess demand).

Answered by ksskirankumarreddy
0

Explanation:

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