If there is an excess supply of a good on the market, then

Name: If there is an excess supply of a good on the market, then
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When there is an excess supply of a good on the market, it means that the quantity supplied exceeds the quantity demanded at the current price, leading to downward pressure on the price. As sellers compete to find buyers, the price will tend to fall until equilibrium is reached.

If There Is an Excess Supply of a Good on the Market