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oversupply (n.)

also over-supply, "a supply in excess of demand," 1833, from over- + supply (n.). As a verb by 1865. Related: Oversupplied; oversupplying.

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Definitions of oversupply from WordNet
1
oversupply (v.)
supply with an excess of;
Synonyms: flood / glut
2
oversupply (n.)
the quality of being so overabundant that prices fall;
Synonyms: glut / surfeit
From wordnet.princeton.edu