Difference between revisions of "Oversupply"

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(Widgets?)
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When [[Supply|supply]] of a [[Widget|widget]] at a given price exceeds [[Demand|demand]] there is an oversupply.  Oversupply tends to drive the price of the widget down.
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When [[Supply|supply]] of a product, type of goods, or service at a given price exceeds [[Demand|demand]] there is an oversupply.  Oversupply tends to drive the price of the product down.
  
 
[[Category:Economics]]
 
[[Category:Economics]]

Revision as of 20:14, March 13, 2007

When supply of a product, type of goods, or service at a given price exceeds demand there is an oversupply. Oversupply tends to drive the price of the product down.