excess supply

Excess Supply

Supply of a good or service well over demand. Excess supply leads to low prices for the good or service.

excess supply

see EQUILIBRIUM MARKET PRICE.

Fig. 65 Excess supply.

excess supply

a situation in which the quantity supplied (see SUPPLY) of a product (OQ2 in Fig. 65) exceeds the quantity demanded (see DEMAND) of the product (OQ1) at the existing market price (OP). In a competitive market there will be a downward pressure on price as suppliers compete to dispose of surpluses, but where there is government intervention the situation could persist. See EQUILIBRIUM MARKET PRICE, EXCESS DEMAND, PRICE CONTROLS, PRICE SUPPORT, COMMON AGRICULTURAL POLICY.

单词	excess supply
释义	excess supply excess supply n (Economics) economics a situation in which the market supply of a commodity is greater than the market demand for it, thus causing its market price to fall Translations suroffre excess supply Excess Supply Supply of a good or service well over demand. Excess supply leads to low prices for the good or service. excess supply see EQUILIBRIUM MARKET PRICE. Fig. 65 Excess supply. excess supply a situation in which the quantity supplied (see SUPPLY) of a product (OQ2 in Fig. 65) exceeds the quantity demanded (see DEMAND) of the product (OQ1) at the existing market price (OP). In a competitive market there will be a downward pressure on price as suppliers compete to dispose of surpluses, but where there is government intervention the situation could persist. See EQUILIBRIUM MARKET PRICE, EXCESS DEMAND, PRICE CONTROLS, PRICE SUPPORT, COMMON AGRICULTURAL POLICY.
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