scothran1920 scothran1920
  • 03-09-2020
  • Business
contestada

Excess supply of a product exerts ___________pressure on prices

Respuesta :

Tundexi
Tundexi Tundexi
  • 03-09-2020

Answer:

Downward

Explanation:

This is situation is called Market Excess, its occurs when there is excess supply, that is quantity supplied is greater than quantity demanded. In this situation, consumers will be able to buy as much of a good as they would like because the prices will dive low.

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