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Which of the following describes a situation in which a surplus occurs?

  • Question 3b of 10 - Supply and demand

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following describes a situation in which a surplus occurs?
  • Answers:
  1. A car company tries to charge too high a price for a new model of minivan.
  2. A cell phone company cuts its rates to attract new customers.
  3. A publisher has printed more copies of a book than people want to read.
  4. A clothing store puts bathing suits on sale to get rid of them before the end of summer.

The correct answer is: A publisher has printed more copies of a book than people want to read. A surplus occurs when supply exceeds demand.

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