Which represents a surplus in the market?

a.Quantity supplied equals quantity demanded.

b.Market price is less than equilibrium price.

c.Quantity supplied is greater than quantity demanded.

d.Market price equals equilibrium price.

Question

Which represents a surplus in the market?

	
a.Quantity supplied equals quantity demanded.

	
b.Market price is less than equilibrium price.

	
c.Quantity supplied is greater than quantity demanded.

	
d.Market price equals equilibrium price.

anonymous · Answer

c

anonymous · Answer

it would be B as market price is less than equilibrium price which means there is excess of a good or commodity present in the market the reason being the market price to be lower  than the equilibrium price