Excess demand

Excess demand,

Definition of Excess demand:

  1. 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.

How to use Excess demand in a sentence?

  1. New Apple products always have excess demand ; people stand in line outside in hopes of purchasing the overpriced product before it sells out.
  2. The excess demand for our product was experienced because we could not take the risk of excess supply occurring to us.
  3. 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 .

Meaning of Excess demand & Excess demand Definition