A market surplus can be defined as a situation in which the quantity demanded in a market is less than the quantity supplied, at the given price.

Name: A market surplus can be defined as a situation in which the quantity demanded in a market is less than the quantity supplied, at the given price.
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Question

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A market surplus occurs when the quantity supplied exceeds the quantity demanded at a given price, leading to excess supply.

A Market Surplus Can Be Defined as a Situation in Which