Answered: When the supply is more than demand, it…

When the supply is more than demand, it is called ___________. a. Shortage of supply b. None of these c. Excess demand d. Excess supply

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2CQQ

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13. When the supply is more than demand, it is called ___________.

Shortage of supply

None of these

Excess demand

Excess supply

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