a surplus means a(n): a. excess supply of the product at the current price. b. excess demand for the product at the current price. c. situation where the quantity demanded exceeds the quantity supplied. d. situation where the current market price is too low.

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19-12-2022
Business

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a surplus means a(n): a. excess supply of the product at the current price. b. excess demand for the product at the current price. c. situation where the quantity demanded exceeds the quantity supplied. d. situation where the current market price is too low.

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kumargaurav1012000 kumargaurav1012000 · Answer 1 · 2022-12-25T23:33:52-05:00

The correct answer for the meaning of surplus is excess demand for the product at the current price. An item or resource that has more than is currently being used is said to have a surplus. which in future have a great impact on the working of the company.

A surplus can relate to a wide range of things, including money, goods, capital, and profits. A surplus in the context of inventories refers to items that are still on store shelves but have not yet been purchased. A surplus in a fiscal sense happens when income is greater than outlays. Governments may also have a budget surplus if there are any tax revenues left over after all expenditures for government programs have been paid in full.

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