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If supply exceeds demand for a product what economic explanation occers?

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What is Supply and demand economics?

In economics, supply and demand describes market relationsbetween prospective sellers and buyers of a good. The supply anddemand model determines price and quantity sold i

What happens when quantity demanded exceeds quantity supplied?

  Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quant

What if supply exceeds demand?

When supply exceeds demand, it is known as a surplus. Surpluses only occur among rational producers and consumers if a regulatory price floor is in effect (that is, the govern

Is Supply and demand the same as supply exceeds demand?

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. Su

How do you solve when demand exceeds supply?

Make or stock more but sell higher until supply meets demand, usually selling at a fair market price will cause higher volumes of sales because more can afford it. Conversely,