answersLogoWhite

0

Extra supply refers to a situation where the quantity of a product or service available in the market exceeds the quantity demanded by consumers at a given price. This surplus can occur due to overproduction, decreased demand, or external factors affecting market conditions. Extra supply often leads to downward pressure on prices as sellers attempt to reduce excess inventory. It is a key concept in economics that highlights the balance between supply and demand.

User Avatar

AnswerBot

4mo ago

What else can I help you with?