When there is a surplus

Name: When there is a surplus
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there is a surplus, it means that there is an excess supply of goods or services, which leads to a situation where quantity supplied exceeds the quantity demanded. This can occur due to various reasons, such as overproduction, decrease in demand, or changes in market conditions. As a result, sellers may have to lower their prices in order to clear the surplus and sell their goods or services.

When There Is a Surplus