Economics A-Level
Excess supply
What Excess supply means in Economics A-Level, as defined for AQA.
Definition of Excess supply
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Reference: AQA
A glut occurring when the current price is set above equilibrium, leading producers to lower their prices to clear unsold stock.
Topics that use Excess supply
- The determination of equilibrium market prices (AQA A-Level)
Related terms
- Ceteris paribus
- Disequilibrium
- Economic shocks
- Equilibrium
- Excess demand
- Incentive function
- Market clearing
- Market equilibrium
Using Excess supply in the exam
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