When Sellers Supply More of the Product Than Buyers Are

question 75

Multiple Choice

When sellers supply more of the product than buyers are willing to purchase, a ______ is created.

• A) shortage
• B) supply and demand schedule
• C) surplus
• D) demand

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make required payments.

Secures

Generally refers to providing protection or ensuring the enforcement of a legal agreement, often involving financial assets as collateral.

Ordinary Course

Actions and transactions that are considered normal or routine within the scope of a business's operations or an individual's usual undertakings.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.