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which describes a situation in which a surplus occurs? responses a cell phone company cuts its rates to attract new customers. a cell phone company cuts its rates to attract new customers. a publisher has printed more copies of a book than people want to read. a publisher has printed more copies of a book than people want to read. a car company tries to charge too high a price for a new model of minivan. a car company tries to charge too high a price for a new model of minivan. a clothing store puts bathing suits on sale to get rid of them before the end of summer.

Respuesta :

When there is a surplus, there is more supply than demand. As a result, the product's price drops to increase sales. As a result, the solution given in option (A), "A cell phone business decreases its tariffs to entice new consumers," is correct.

What is surplus?

  • The amount of a good or commodity that is over what is being actively consumed is called a surplus. A surplus can refer to a variety of items, such as cash, products, assets, and profits.
  • In the context of inventories, merchandise that is still on store shelves but has not yet been purchased is referred to as a surplus. In terms of finances, a surplus occurs when income exceeds expenses.
  • When the supply and demand for a good or service are out of balance or when certain consumers are more willing to pay for a good or service than others, a surplus results.

Learn more about Surplus, from:

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