If the price is fixed at £2.00 above the equilibrium price, it would lead to an excess supply of?

If the price is fixed at £2.00 above the equilibrium price, it would lead to an excess supply. This is because at the higher price, producers would be willing to supply more goods and services than consumers are willing to buy at that price. This would result in a surplus of goods and services in the market, as producers are producing more than consumers are willing to purchase.

Supply