surplus
Surplus
A surplus is the excess in quantity supplied above the quantity demanded. This occurs when the price of a good is higher than the market equilibrium price. When the seller lowers the price for that good, more consumers will buy the good and the surplus will disappear. Some surpluses cannot be fixed because the government imposes a binding price floor in a market creating a surplus.
- Snippet from Wikipedia: Surplus
Surplus may refer to:
- Economic surplus, one of various supplementary values
- Excess supply, a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand
- Surplus: Terrorized into Being Consumers, a documentary film
- Surplus value, surplus labour, surplus product in Marxian economics
- "The Surplus", a 2008 episode of The Office
- Surplus (graph theory)
surplus.txt · Last modified: 2024/04/28 03:22 (external edit)