A(n)________ occurs when the quantity supplied exceeds the quantity demanded.
A) demand deficit
B) shortage
C) surplus
D) overage

Name: A(n)________ occurs when the quantity supplied exceeds the quantity demanded. A) demand deficit B) shortage C) surplus D) overage
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Question

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A surplus occurs when there is excess supply in the market, meaning that the quantity supplied exceeds the quantity demanded. This can lead to lower prices as suppliers try to sell off excess inventory in order to reduce their losses.

A(n)________ Occurs When the Quantity Supplied Exceeds the Quantity Demanded