Difference between revisions of "Oversupply"

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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.
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'''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]]

Revision as of 01:56, September 22, 2007

Oversupply occurs when a supply of a product, type of goods, or service at a given price exceeds demand. Oversupply tends to drive the price of the product down.