Bringing Supply and Demand Together


At a price greater than the equilibrium price, a surplus, or excess quantity supplied, would exist



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Bringing demand and supply together

At a price greater than the equilibrium price, a surplus, or excess quantity supplied, would exist.

  • At a price greater than the equilibrium price, a surplus, or excess quantity supplied, would exist.
  • Sellers would be willing to sell more than demanders would be willing to buy.

Frustrated suppliers would cut their price and cut back on production, and consumers would buy more.

  • Frustrated suppliers would cut their price and cut back on production, and consumers would buy more.
  • This would eliminate the unsold surplus and return the market to equilibrium.

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