Question

A limited amount of goods available means that excess _________
is occurring.

(economics)

Answer 1

The correct answer is "excess demand". If the demand increases much more than the supply provided on the market, there will be an inevitable marketing disequilibrium. The supply will also forcibly become limited to advantageously raise their price.

Answer 2

A limited amount of goods available implies that excess demand is occurring.

What takes place when there is excess demand?

People often demand for goods and services. The Excess Demand takes place when the Price of a good is said to be lower than the Equilibrium Price.

This implies that more consumers will be eager to buy the good than suppliers are said to be able to sell. The key difference that exist between the Quantity Demanded (QD) and the Quantity Supplied (QS) is said to be Excess Demand.

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