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What is the situation called when there is more of a product being offered for sale than people want to buy at that price?

a. opportunity cost
b. surplus
c. shortage
d. price fixing

1 Answer

5 votes
When there is more of a product being offered for sale than people want to buy at that specific price is called surplus. This usually helps bring the price even lower. The correct answer is B. 
answered
User Kaushik Burkule
by
9.1k points
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