Economic shortage

Excess demand exists in economics, when a commodity in the marketplace more demand than you offer it. In a seller's market, as was the case immediately after the end of World War II, there is an excess demand for most goods. In this case, the seller can influence the market situation critical. Since the seller will endeavor in this situation to sell their goods to the highest possible price on the market, in a perfect market, the price of each good in the course of time will reach the market equilibrium price.

The opposite of a surplus demand is excess supply and demand gap.

• Microeconomics