From a Standpoint of Resource Allocation, a Surplus of Corn

Multiple Choice

From a standpoint of resource allocation, a surplus of corn implies

A) Consumers would prefer some of the resources used to produce corn be used to produce something else
B) The market for agricultural products is failing
C) Government should purchase the surplus to protect the farmers
D) The price of corn is too low and should be increased
E) The quantity demanded of corn exceeds the quantity supplied