In theory, what should happen if there is excess supply for a good, what should happen?

a) prices remain constantb) suppliers will increase pricec) consumers will demand mored) suppliers will reduce pricethe answer would be D as the supply increases, this causes a rightwards shift in supply, with demand remaining constant. this will result in the price level decreasing.

AD
Answered by Adam D. Economics tutor

1508 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the difference between an inferior good and a normal good?


Explain why the demand for food has an inelastic PeD.


Describe with a real world example, price elasticity of demand


What is meant by the term opportunity cost?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning