For the opposite, see excess demand.
In economics, excess supply (also called surplus) is when quantity supplied is more than quantity demanded, and the price is above the equilibrium level. Specifically, there is a overproduction of supply that producers wish to sell due to a shortage in demand for the product.
Read more about Excess Supply: Prices, Disequilibrium of Excess Supply, Utilizing The Concept of Excess Supply, See Also
Famous quotes containing the words excess and/or supply:
“For there is no defense for a man who, in the excess of his wealth, has kicked the great altar of Justice out of sight.”
—Aeschylus (525–456 B.C.)
“One cool judgment is worth a thousand hasty counsels. The thing to do is to supply light and not heat.”
—Woodrow Wilson (1856–1924)