Question

A surplus means a(n):

a. situation where the current market price is too low.
b. excess supply of the product at the current price.
c. situation where the quantity supplied is less than the quantity demanded.
d. situation where the quantity demanded exceeds the quantity supplied.

Answer 1

B excess supply of the product at the current price. because since there's to much product it all of it won't be sold

Answer 2

b. excess supply of the product at the current price.