Question

5 more questions!

What is the situation called when there is more of a product being offered for sale than people want to buy at that price?

opportunity cost

surplus

shortage

price fixing

Answer 1

When you have more than enough of something, it is not a shortage. Opportunity cost is when you have to give up one thing to get somehing else, and price fixing really doesnt fit with this question. SO what is left?

Answer 2

what do you think ?

Answer 3

Surplus

Answer 4

corect

Answer 5

Thanks!

Answer 6

The situation when there is more product being offered for sale than people demand is overstock, excessive stock, B-stock, or excess inventory, is the result of poor management of stock demand or of material flow in process management. Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken.

Answer 7

no problem your welcome