Economics GCSE
Excess supply
What Excess supply means in Economics GCSE, as defined for AQA.
Definition of Excess supply
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Reference: AQA
A situation where the quantity supplied is greater than the quantity demanded at a specific price, typically when the price is above equilibrium.
Topics that use Excess supply
- Equilibrium price (AQA GCSE)
Related terms
- Determinants of supply and demand
- Disequilibrium
- Equilibrium price
- Excess demand
- Excess supply and demand
- Graphical analysis
- Market clearance
- Market equilibrium
Using Excess supply in the exam
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