If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ____________in the market and the price will _________.

Question

Quizplus · Accepted Answer

When the quantity supplied exceeds the quantity demanded, there is a surplus in the market, leading to a decrease in price as suppliers try to sell the excess inventory.

If the Quantity of Textbooks Supplied Is 10,000 Per Year