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Line 1: − When [[Supply|supply]] of a product, type of goods, or service at a given price exceeds [[Demand|demand]] there is an oversupply. Oversupply tends to drive the price of the product down.+
edits
'''Oversupply''' occurs when a [[Supply|supply]] of a product, type of goods, or service at a given price exceeds [[Demand|demand]]. Oversupply tends to drive the price of the product down.
[[Category:Economics]]
[[Category:Economics]]