Excess demand refers to a situation where a good is underpriced, resulting in a quantity demanded that exceeds the supply. [0] [0] http://www.personal.psu.edu/

Excess demand refers to a situation where a good is underpriced, resulting in a quantity demanded that exceeds the supply. [0] [0] http://www.personal.psu.edu/dxl31/econ2/pizza_market.png http://www.personal.psu.edu/dxl31/econ2/pizza_market.png