Economy, asked by jaishankar385, 1 year ago

What happens if there is more supply than demand?

Answers

Answered by jammu77
0
hey mate... ✌✌✌✌✌

here is ur answer.. ⏬⏬⏬

When there is more supply than demand, a condition also known as excess supply, the price of goods is affected. When there is more supply than demand, prices typically decrease. When a product's price is decreased due to low demand, people will again begin to purchase the product. This will reduce the supply to more closely match the demand.

I hope it's help u mark it as brainlesit.. ✴✴✴✳✴✳⚛
Similar questions