When do we say there is excess supply for a commodity in the market?

Open in App

Solution

When at a given price, the quantity supplied of a product exceeds its quantity demanded, there is excess supply for a product.

Suggest Corrections

Similar questions

When do we say there is excess demand for a commodity in the market?

When do we say that there is an excess supply for a commodity in the market?

When do we say that there is an excess demand for a commodity in the market?

Join BYJU'S Learning Program