excess demand
Sign in to saveAlso known as economic shortage, demand surplus, shortage
thumb|Supply and demand, with market-clearing price shown 250px|thumbnail|right|Unemployed men queue outside a depression soup kitchen in United States during the Great Depression. 250px|thumbnail|right|A 2014 image of product shortages in Venezuela
Wikidata facts
- Subclass of
- deficiency
- Image
- Shortages in Los Teques 2.jpg
Show 5 more facts
- opposite of
- excess supply
- facet of
- demand
- partially coincident with
- scarcity
- has contributing factor
- price ceiling
- contributing factor of
- black market
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Encyclopedic overview
8 sectionsContents
- Definitions
- Causes
- Effects
- Examples
- Labour shortage
- See also
- References
- External links
thumb|Supply and demand, with market-clearing price shown 250px|thumbnail|right|Unemployed men queue outside a depression soup kitchen in United States during the Great Depression. 250px|thumbnail|right|A 2014 image of product shortages in Venezuela
In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply (surplus).
Excerpted from Wikipedia’s “excess demand” article, available under the CC BY-SA 4.0 licence.