| − | When [[Supply|supply]] of a [[Widget|widget]] at a given price exceeds [[Demand|demand]] there is an oversupply. Oversupply tends to drive the price of the widget down. | + | 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. |