excess supply in the market for bananas
We had an excess supply of bread.
Increase the price
Excess demand (a seller's market) means the product is in short supply and prices will rise. Excess supply (buyer's market) means too much product as compared to demand and therefore prices will fall.
Chemical bonds are broken to supply us with energy. Without bonds, and our ability to break them, the food we eat would not supply us with energy.
How did the U.S. prepare for world war 1 in mobilization, industires, and food supply
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
If the minimum wage is raised, more people who are not currently working will be willing to work for that wage, increasing the supply of workers. Also tend to hire less employees at higher wages, causing a lessening of demand. The combination of less demand are more supply could cause an excess supply of workers at minimum wage jobs, which tend to be unskilled.
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
Price is one way to eliminate excess demand and excess supply. Once prices start to rise, the amount of people purchasing or needing certain products go down.
the government will buy those excess goods.
it affect us in many ways like our lives and food supply