What happens if there is more supply than demand?
Answers
Answered by
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.. ✴✴✴✳✴✳⚛
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