Question

When does a surplus exist?

Answer 1

The surplus exists when the price is higher than the equilibrium price. The market force will solve the problem by forcing to reduce supply.

Answer 2

Answer:

>>>when there is a greater supply of a good than people want or are able to buy

Explanation:

Q; When does a surplus exist?

 

when new products are brought to the market for sale

 

whenever prices drop

 

>>>when there is a greater supply of a good than people want or are able to buy

 

when there are too few items for the people who want to buy them