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. This typically leads to a decrease in price as sellers attempt to sell their excess inventory.

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