Want this question answered?
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.
it is called a 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.
Excess supply.
it is called a shortage
Shortage occurs
could be shortage
could be shortage
quantity demanded and quantity supplied are equal
false