If quantity supplied is greater than the quantity demanded, then according to the market process:

Question

Quizplus · Accepted Answer

When the quantity supplied is greater than the quantity demanded, a surplus exists in the market. This means that producers are unable to sell all of their goods at the current price, resulting in excess inventory. To clear the surplus, producers will have to lower the price of their goods, which will increase demand and ultimately lead to equilibrium where the quantity supplied equals the quantity demanded. Therefore, the price will decrease to the equilibrium level.

If Quantity Supplied Is Greater Than the Quantity Demanded, Then