| 单词 | excess demand |
| 释义 | excess demand A situation when the quantity of a good demanded exceeds the quantity supplied. In markets where a market-maker maintains the price by buying all supplies offered and supplying the demands of other market participants, excess demand can be directly measured. In all other markets it cannot be directly observed, but has to be inferred from various market signals. These include abnormally long queues or unusually late delivery dates; unusually low or zero stocks; abnormal efforts by customers to find alternative suppliers; and in the labour market, a widening of normal fields of recruitment. Excess demand makes it likely that prices or wages will rise. |
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