If the Quantity Demanded Is Less Than the Quantity Supplied

question 1

Short Answer

If the quantity demanded is less than the quantity supplied this is known as 'excess supply' or a _______.

---

Definitions:

Foreseen Users

Individuals or groups who are reasonably anticipated to use a product or service and for whom potential risks should be evaluated.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover actual losses or damages as a result of the defendant's actions.

Worthless Securities

Describes financial instruments that have lost all monetary value.

Due Diligence

The comprehensive investigation or exercise of care that a reasonable business or person is expected to undertake before entering into an agreement or transaction.