Difference between revisions of "Excess supply"
(Created page with "Excess supply is when at the existing price, quantity supplied exceeds the quantity demanded; also called a "surplus." ==Definition== According to Principles of Economi...") |
(No difference)
|
Latest revision as of 01:58, 2 June 2020
Excess supply is when at the existing price, quantity supplied exceeds the quantity demanded; also called a "surplus."
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Excess supply. When at the existing price, quantity supplied exceeds the quantity demanded; also called a "surplus."
