A surplus occurs when:
A) workers are more productive than expected.
B) the quantity supplied is greater than the quantity demanded.
C) more people want to buy a good than want to sell it.
D) a market is at equilibrium.

Question

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied of a good or service exceeds the quantity demanded at a given price, indicating an excess supply. This can lead to lower prices as sellers try to clear their inventory, hence B is the correct choice. A, C, and D do not accurately define a surplus.

A Surplus Occurs When