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31 May, 00:50

A surplus exists in a market if

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  1. 31 May, 01:01
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    A surplus exists in a market if the supply happens to be excessive

    Explanation:

    In a situation where there is surplus, this shows that the quantity supplied is more than the quantity demanded which would allow to incur low sales hence; there would be reduction in price in order to avert such and increase the demand.
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