Which condition describes when the quantity supplied is greater than the quantity demanded?

The condition where the quantity supplied exceeds the quantity demanded is referred to as excess supply. This situation often arises when producers offer more of a product at a given price than consumers are willing to purchase. In a market scenario, when there is excess supply, it can lead to downward pressure on prices as sellers attempt to attract buyers.

In contrast, excess demand occurs when consumers wish to purchase more of a product than what's available, equilibrium is the point where quantity supplied and quantity demanded are equal, and market shortage may arise when there is not enough of a good or service to meet consumer demand. Thus, excess supply specifically highlights the imbalance favoring suppliers, leading to potential adjustments in price to restore market balance.