Economist definition: demand at this price level exceeds supply at this price level Normal people definition: there isn't enough to go around Economist coroll

Economist definition: demand at this price level exceeds supply at this price level Normal people definition: there isn't enough to go around Economist corollary: there is enough to go around, people are just buying more than they need because the price is low Can you tell the difference between the supermarket put potatoes on sale and sold out, and there are no potatoes because of the potato blight?