The following question are based on the following diagram:

-In the market diagram,excess supply is best represented by triangle

Question

The following question are based on the following diagram:
 
-In the market diagram,excess supply is best represented by triangle

Quizplus · Accepted Answer

Excess supply occurs when the quantity supplied is greater than the quantity demanded at a given price, typically above the equilibrium price. In a market diagram, this is represented by the area above the demand curve and below the supply curve, which is triangle BEC.

The Following Question Are Based on the Following Diagram