trapbran trapbran
  • 03-04-2020
  • English
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How does over-supply affect prices and consumer perceptions of a product?

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ebeazer
ebeazer ebeazer
  • 03-04-2020
Over supply decreases the price of an item if there is too much of an item on the market the price will decrease because they need it to be sold. A consumers perception maybe that it is either a very poor product because there is so many things being produced.
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T0pp1ngs
T0pp1ngs T0pp1ngs
  • 12-04-2020

Answer:

Over supply means lower prices. The company will be wanting to get rid of all their product and will sell it at a lower price. Consumers will be wiling to pay a lower price for the product.

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