If a market experiences a surplus of goods, which underlying cause is most likely responsible for this condition?

A market surplus occurs when there are more goods available than people want to buy at a certain price. This usually happens when the price of the goods is set too high. For example, if a store sells winter coats for $200, but most customers are only willing to pay $150, the store will have many unsold coats left over. In this case, the high price is the main reason for the surplus because it discourages buyers. To reduce the surplus, the store might lower the price, making the coats more attractive to customers.