An Excess Supply of Rice in a Competitive Market Would

An excess supply of rice in a competitive market would indicate that

A) the problem of scarcity has been solved in that market
B) buyers want to purchase more rice at the current price than the sellers want to sell
C) the market will not be able to approach equilibrium
D) the entire supply curve must shift to the left in order to attain equilibrium
E) the current price exceeds the equilibrium price