More reasons than that, such as overproducing due to high contribution margins and over estimating demand.You missed the point.
Supply either outpaces demand because nobody wants the product or the price is higher than what most are willing to pay for it. I am talking about the fact that we are in a macroeconomic environment where the price is too high and will have to come down to meet the price point where people are willing to spend. This is the linking of the two points you missed; prices fall because people are choosing not to buy and banks aren’t willing to lend at the previous rate (how most money is created), both contributing to the decrease in the velocity of money. But people will at the same time say inflation is reducing, never seeing what’s occurring economically.
I am done with this discussion because it is being pedantic and repetitive.