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Homework answers / question archive / A(n) _____ occurs when the quantity supplied exceeds the quantity demanded
A(n) _____ occurs when the quantity supplied exceeds the quantity demanded.
A) overage,
B) surplus,
C) shortage,
D) demand deficit.
A surplus in the market occurs when the quantity supplied is greater than the quantity demanded. This happens when the price is above the equilibrium price because the producers will be willing to sell more at this price and the consumers will be willing to buy less at this price.
