When there is overproduction in a market,

A) market price is too low.
B) there is excess quantity demanded.
C) the total of consumer and producer surplus is maximized.
D) there is a deadweight loss.

Overproduction

A situation where more goods are produced than can be sold, leading to surplus inventory and often resulting in waste or economic imbalances.

Market Price

The existing rate at which a service or asset is offered for buying or selling in a certain market.

Consumer Surplus

The difference between the amount that consumers are willing to pay for a good or service and the actual amount they pay.