"Excess demand" can also be described as

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Excess demand occurs when quantity demanded exceeds quantity supplied, leading to shortages and potentially higher prices. It is also known as a "shortage." Excess supply, on the other hand, is when quantity supplied exceeds quantity demanded, leading to surpluses and potentially lower prices. It is also known as a "glut." The area to the left of the equilibrium price on a supply and demand diagram represents shortage/excess demand, while the area to the right represents surplus/excess supply.

"Excess Demand" Can Also Be Described as