What is the term for a market condition where supply exceeds demand?

Bihar STET · PGT (Paper 2) · General Knowledge, Art of Teaching & Other Skills · 2025

What is the term for a market condition where supply exceeds demand?

  1. A.

    Shortage

  2. B.

    Surplus

  3. C.

    Equilibrium

  4. D.

    Deficit

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Correct answer: B

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