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Meaning of excess demand

 

 

 

Excess demand

 

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Business glossary

 

Meaning of term excess demand :

 

Excess demand is where consumers want to buy more than producers are prepared to sell. In other words demand is greater than supply. This excess demand will drive the equilibrium market price upwards until demand is equal to supply again and there is once again an equilibrium.

 

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Excess demand

 

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Meaning of term excess demand

 

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