when quantity supplied is higher than the quantity demanded, there is an excess of goods produced which are not used which leads to surplus. as the people are not consuming the goods or buying them,...
When the demand of a product is higher than the speed that a shop/supplier, the prices will increase. The shop is always going to want a profit, and if they can't make a big enough profit out of the...
It occurs both ways. I must say supply leading to demand 15-20% and demand leading to supply 80% Initially when a product is launched, because of supply some customers may opt to buy it. But all...
Supply and demand is an economics tool used graphically to demonstrate the relative effects on market price generated by the quantity of supply and the quantity of demand. Supply exceeding demand...