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Explain excess supply with the help …

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Explain excess supply with the help of a diagram

Posted by Prashant Dawra 3 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Utkarsh Soni 3 years, 11 months ago

Pranchal you are wrong he asked about excess supply not excess demand so, an excess supply or economic surplus is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand.

1Thank You

Om Singh 3 years, 11 months ago

what is money suppy ..

0Thank You

Pranchal Balecha 3 years, 11 months ago

It refers to the situation when there is more demand then supply .It also refers to situation where there is fully employment situation .

2Thank You

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CBSE > Class 12 > Economics