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.

Answer 1

c

Answer 2

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