The part of agriclutural produce which is sold by farmers in the market is called.......surplus.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Market.
- Market surplus, also known as a surplus or excess supply, occurs in economics when the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers at a specific price level.
- In other words, there is more of a particular product available in the market than consumers are willing to purchase at the existing market price.