Excess demand function
id:
excess-demand-function-233-13666735
title:
Excess demand function
text:
In microeconomics, excess demand, also known as shortage, is a phenomenon where the demand for goods and services exceeds that which the firms can produce. In microeconomics, an excess demand function is a function expressing excess demand for a product—the excess of quantity demanded over quantity supplied—in terms of the product's price and possibly other determinants. It is the product's demand function minus its supply function. In a pure exchange economy, the excess demand is the sum of all
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Excess_demand_function
date created:
date modified:
2023-09-27T19:39:15Z
main entity:
{"identifier":"Q15303685","url":"https://www.wikidata.org/entity/Q15303685"}
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13
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