Which statement describes a surplus in a market?

Question

Quantity demanded is lower than quantity supplied.
Quantity demanded is higher than quantity supplied.
Quantity demanded is equivalent to quantity supplied.
Quantity demanded is not affected by quantity supplied.

Answer 1

The statement that describes a surplus in a market is: Quantity demanded is lower than quantity supplied.

In a surplus situation, there is more of a good or service available than consumers are willing to purchase at a given price, leading to excess supply.