A quantity supplied is more than quantity demanded its called A Surplus.
surplus
You have a situation of over supply, a "glut" and the price falls.
Equilibrium.
could be shortage
A quantity supplied is more than quantity demanded its called A Surplus.
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
surplus
You have a situation of over supply, a "glut" and the price falls.
Equilibrium.
quantity demanded and quantity supplied are equal
could be shortage
it is called a shortage
false
Shortage occurs
quantity supplied is less than quantity demanded
Excess supply.