Get premium membership and access questions with answers, video lessons as well as revision papers.

What is excess supply?

      

Describe excess supply.

  

Answers


Maurice
Excess supply refers to a situation where the quantity of goods and services supplied in the market by suppliers is more than the quantities the consumers are able to buy.
maurice.mutuku answered the question on July 25, 2017 at 05:49


Next: What is joint demand?
Previous: Under what circumstances may a country find it necessary to control imports?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions