Explore BrainMass

Explore BrainMass

    Question

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How does a surplus or a shortage affect the market price?

    © BrainMass Inc. brainmass.com May 24, 2023, 1:25 pm ad1c9bdddf
    https://brainmass.com/economics/demand-supply/question-20705

    Solution Preview

    A surplus is caused in the market when there is excessive supply and low demand. Sellers are therefore unable to sell their excessive amounts ...

    $2.49

    ADVERTISEMENT