When sellers supply more of the product than buyers are willing to purchase, a ______ is created.
A) shortage
B) supply and demand schedule
C) surplus
D) demand

Question

Quizplus · Accepted Answer

A surplus is created when sellers supply more of the product than buyers are willing to purchase. This means that the supply exceeds the demand, resulting in excess inventory that may need to be sold at a lower price or kept in storage.

When Sellers Supply More of the Product Than Buyers Are