Excess demand

 

 

 

Excess demand

 

Glossary of business

 

Definition of 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.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of excess demand

 

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Meaning of excess demand

 

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What does excess demand mean ?

 

 

 

 

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