If there is a surplus of a product,its price:

A) is below the equilibrium level.
B) is above the equilibrium level.
C) will rise in the near future.
D) is in equilibrium.

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.

Equilibrium Level

The state of balance where market forces such as supply and demand are equal, often used in the context of prices and quantities in markets.