Out of the choices provided above, it can be concluded that a surplus of a product will arise when price is above equilibrium, with the result that quantity supplied exceeds quantity demanded. Therefore, the option B holds true.
A condition of equilibrium in the economy can be referred to or considered as the situation wherein the forces of demand and supply are equal to each other. A surplus occurs in equilibrium because the price above the equilibrium price leads to a more supply from the producers at higher prices. However, the consumers are not willing to spend in this economic condition.
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