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27 January, 13:13

When there is a surplus of snowboards, the A. supply of snowboards is greater than the demand for snowboards. B. quantity of snowboards demanded is greater than the quantity of snowboards supplied. C. demand for snowboards is greater than the supply of snowboards. D. quantity of snowboards supplied is greater than the quantity of snowboards demanded.

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  1. 27 January, 16:03
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    D. Quantity of snowboards supplied is greater than the quantity of snowboards demanded.

    Explanation:

    Supply is the total amount of goods or services that a supplier is willing to make available to consumers. It is also the willingness and ability of suppliers to sell their products at a given price.

    Surplus means excess to a layman.

    In other words, when there is a surplus, it means that the quantity supplied for the particular product is greater than the quantity demanded.

    The quantity demanded for a surplus product will always be lower than the quantity supplied because consumers would have little demand even at a reduced price due to the surplursity of the product.
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Home » Business » When there is a surplus of snowboards, the A. supply of snowboards is greater than the demand for snowboards. B. quantity of snowboards demanded is greater than the quantity of snowboards supplied. C.
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