An excess supply of some product is the same thing as
A)a surplus.
B)an excess demand.
C)a shortage.
D)scarcity.
E)price floor.

Question

Quizplus · Accepted Answer

An excess supply of a product means that producers have produced more than what consumers are willing to buy. This leads to a surplus of the product, which can result in lower prices and possibly the need for producers to decrease their production levels.

An Excess Supply of Some Product Is the Same Thing