What does the term "oversubscribed" typically refer to?

The term "oversubscribed" typically refers to services or events that experience a level of demand that exceeds the available capacity. This means that more individuals want to access the service or attend the event than there are spots available. In this context, if a service is oversubscribed, it indicates that there is significant interest or demand, often leading to a situation where not everyone who wishes to participate can do so.

The other options do not adequately capture the meaning of "oversubscribed." Limited interest would suggest a situation where demand is low, which is the opposite of being oversubscribed. Programs that need to be canceled do not relate directly to demand, as cancellation usually implies a failure to attract participants. Similarly, classes with few students indicate a lack of interest, which again contradicts the high demand implied by the term "oversubscribed." Thus, the correct understanding centers around high demand for a service or event that cannot accommodate all interested participants.