In theory, what should happen if there is excess supply for a good, what should happen?

a) prices remain constantb) suppliers will increase pricec) consumers will demand mored) suppliers will reduce pricethe answer would be D as the supply increases, this causes a rightwards shift in supply, with demand remaining constant. this will result in the price level decreasing.

AD
Answered by Adam D. Economics tutor

1599 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Evaluate the use monetary policy to aid the economy's recovery just after a recession.


Explain one possible effect on the equilibrium market price of an increase in production costs for firms. (2 marks)


Explain why the demand for food is relatively price inelastic


What factors can shift the demand curve in a market?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning