Question

O
Multiple Choice
A surplus means that at the
going price:​

Answer 1

Explanation:

Whenever there is a surplus, the price will drop until the surplus goes away. When the surplus is eliminated, the quantity supplied just equals the quantity demanded—that is, the amount that producers want to sell exactly equals the amount that consumers want to buy.

Answer 2

Answer:

A surplus describes the amount of an asset or resource that exceeds the portion that's actively utilized. A surplus can refer to a host of different items, including income, profits, capital, and goods.

For example, when you cook a meal, if you have food remaining after everyone has eaten, you have a surplus of food.

Explanation:

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