Suppose there is currently a surplus of wheat on the world market. The problem of excess supply may be removed from the market by:

A) lowering the market price.
B) shifting the supply curve leftward.
C) shifting the demand curve leftward.
D) Both A and B are plausible actions.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good supplied over a given period.

Surplus

The amount of a product or service exceeding the demand for it, typically resulting in lower prices.

World Market

The global marketplace where goods, services, and financial securities are traded across countries.