excess demand
Sign in to savethumb|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
Article
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).