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

Answer: excess supply

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What happens when the quantity of goods is higher than demand? the point where supply and demand meet and prices are set. excess demand . when the quantity demanded at a given price is higher then the quantity supplied. excess supply. when the quantity supplied at a given price is higher then the quantity demanded . Determining Market Price. STUDY. Flashcards. Learn. Write. Spell. Test. PLAY. Match. Gravity. Created by. pinkchopsticks. Terms in this set (9) What happens when the quantity of goods is higher than demand ? excess supply. On a graph a(n) _____ shows the demand portion of equilibrium. ... Which needs to happen to the price indicated by p2 on ... The demand for bread will fall which could result in an excess supply . (2.4)A pair of stylish sneakers could be considered a because it is not a necessity. Want Start studying Determining Market Place. Learn vocabulary terms and more with flashcards games and other study tools. ... Supply and demand meet at a specific quantity . Supply and demand meet at a specific price. ... What happens when the quantity of goods is higher than demand ? excess s...

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