When do we say there is excess supply for a commodity in the market?
NCERT Class XII
Economics - Introductory Microeconomics
Chapter 5. Market Equilibrium
Answers
Answered by
0
When the market demand exceeds market supply of a commodity at a given price
Answered by
0
Answer:
Excess supply is a situation when the supply of a commodity in the market exceeds its demand at a particular price. In other words, if at any price level, all the consumers demand comparatively less quantity than what is being supplied by all the suppliers, then we face the situation of excess supply.
Similar questions