What is the term used to describe a market condition where buyers are able to satisfy the demand of the consumer,yet have some product remain unsold?
A) Surplus
B) Stoppage
C) Shortage
D) Demand deficit
E) Equilibrium price

Question

Quizplus · Accepted Answer

A surplus occurs when there is more supply than demand, resulting in unsold products. This means that buyers are able to satisfy the demand of the consumers but there is still product leftover.

What Is the Term Used to Describe a Market Condition