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7 October, 10:20

What happens when the quantity of goods is higher than demand?

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  1. 7 October, 10:38
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    The answer is excess supply.

    Excess supply happens when the quantity of goods is higher than demand. In excess supply, the price is above the equilibrium level determined by supply and demand. It is the opposite of excess demand. It can also affect the supply and demand of another market.
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