For the opposite, see excess demand.
In economics, excess supply (also called surplus) is when quantity supplied is more than quantity demanded, and the price is above the equilibrium level. Specifically, there is a overproduction of supply that producers wish to sell due to a shortage in demand for the product.
Read more about Excess Supply: Prices, Disequilibrium of Excess Supply, Utilizing The Concept of Excess Supply, See Also
Famous quotes containing the words excess and/or supply:
“Solomon’s ... excess became an insult upon the privileges of mankind; for by the same plan of luxury, which made it necessary to have forty thousand stalls of horses,—he had unfortunately miscalculated his other wants, and so had seven hundred wives....
Wise—deluded man!”
—Laurence Sterne (1713–1768)
“What would we not give for some great poem to read now, which would be in harmony with the scenery,—for if men read aright, methinks they would never read anything but poems. No history nor philosophy can supply their place.”
—Henry David Thoreau (1817–1862)