A market surplus occurs when: People cannot buy the amount of goods and services that they are willing and able to buy.

b. The quantity supplied exceeds the quantity demanded at a given price.

Explanation:

A market surplus is a situation where suppliers have supplied to the market, more goods than the demand can take at a given price.

This will lead to the suppliers having unsold goods and they will respond by reducing their prices so that they may be able to sell because the law of demand shows that when prices reduce for normal goods, quantity demanded increases.

answer; ///(c) i believe its it ignores cash flows following the payback period;