excess demand

  

Definition

Excess of the quantity demanded of a good or service, at a given price, over its supply at that price. Excess demand usually spurs the price higher.

Use excess demand in a sentence

  • The excess demand for our product was experienced because we could not take the risk of excess supply occurring to us.

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  • Because so many people are in need of the products that I am selling, I can mark the price higher due to the excess demand.

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  • New Apple products always have excess demand; people stand in line outside in hopes of purchasing the overpriced product before it sells out.

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