Excess demand definitions

Excess demand

Demand minus supply. Thus a country's demand for imports of a homogeneous good is its excess demand for that good.
Found on http://www-personal.umich.edu/~alandear/glossary/e.html

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Excess demand

Consumers want to buy more than producers are prepared to sell.
Found on http://www.encyclo.co.uk/local/20140

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