Business, 25.02.2022 14:00 ecoagro1934

Imagine that a major car company has been able to plan production to coincide with sales forecasts. As new inventory comes into the showroom, customers purchase it, and there is no unsold inventory and no unfilled orders. How can we best describe this phenomenon? a. This is a shortage because the quantity supplied is less than the quantity demanded.
b. This is a surplus because the quantity supplied is greater than the quantity demanded.
c. This is a market in equilibrium.
d. This is a surplus because the quantity demanded is greater than the quantity supplied.

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