A quantity supplied is more than quantity demanded its called A Surplus.
surplus
Equilibrium.
could be shortage
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
Equilibrium.
quantity demanded and quantity supplied are equal
could be shortage
Shortage occurs
it is called a shortage
could be shortage
The point at which quantity demanded and quantity supplied are equal
quantity supplied is less than quantity demanded
false