If the quantity supplied in a market exceeds the quantity demanded in a market, we would expect price to:

Name: If the quantity supplied in a market exceeds the quantity demanded in a market, we would expect price to:
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Quizplus · Accepted Answer

When the quantity supplied exceeds the quantity demanded, there is an excess supply or a surplus in the market. In order to clear the surplus, producers will lower prices until demand increases and supply decreases. Thus, we would expect price to decrease.

If the Quantity Supplied in a Market Exceeds the Quantity