A condition when there is excessive produce in the market which lowers down the price is called__________________?
Correct answer: D. Market glut
- A. All of these
- B. Perfect market
- C. Imperfect market
- D. Market glut
Explanation
A market glut is an excess supply of a commodity, often causing its market price to fall. Perfect and imperfect markets describe market structures, not an oversupply condition.
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