Economics GCSE
Excess demand
What Excess demand means in Economics GCSE, as defined for AQA.
Definition of Excess demand
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Reference: AQA
A situation where the quantity demanded is greater than the quantity supplied at a specific price, usually because the price is below equilibrium.
Topics that use Excess demand
- Equilibrium price (AQA GCSE)
Related terms
- Determinants of supply and demand
- Disequilibrium
- Equilibrium price
- Excess supply
- Excess supply and demand
- Graphical analysis
- Market clearance
- Market equilibrium
Using Excess demand in the exam
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