Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

When the actual price in some market is above the equilibrium price, the resulting market condition is known as

Sagot :

OlanmaE

When the actual price in some market is above the equilibrium price, the resulting market condition is known as Excess Supply.

What is an Excess Supply?

An excess supply is a condition where there is a surplus of goods in the market. In this condition, the price would have tiled above the equilibrium curve.

Excess supply can also be known as surplus. When the actual price of a good is above the equilibrium price, there tends to be a condition called excess supply.

Learn more about Excess Supply here:

https://brainly.com/question/17390396

#SPJ1

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.