an excess demand

USAGE SUMMARY

The phrase "an excess demand" is correct and usable in written English.
It can be used in economic contexts to describe a situation where the quantity demanded of a good or service exceeds the quantity supplied at a given price. Example: "The sudden increase in consumer interest has led to an excess demand for the new smartphone model, resulting in long waiting lists."

✓ Grammatically correct

Economics

Business

Academic Research

Human-verified examples from authoritative sources

Exact Expressions

43 human-written examples

"There is an excess demand for Uruguay bonds," which are selling for higher prices.

The New York Times

One possibility, then, is excess supply for all the other goods, matched by an excess demand for money.

Encyclopedia Britannica

Falling income is associated with an excess supply of goods and services in the income model, with an excess demand for money in the money model.

Encyclopedia Britannica

Rising income is associated with an excess demand for goods in the first model, with an excess supply of money in the other.

Encyclopedia Britannica

Similarly, an increase in planned saving will tend to create an excess demand for securities, to raise their prices, and to lower the rate of interest.

Encyclopedia Britannica

The rules of thumb derived from the two theories may, in fact, be combined: an excess demand for goods or an excess supply of money (the two may be seen as aspects of the same phenomenon) will be associated with rising income; similarly, an excess supply of goods or an excess demand for money will be associated with falling income.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

17 human-written examples

Next, we apply our combinatorial lemma to prove the existence of a continuum of zeros for a parameterized excess demand mapping (Theorem 8).

Journal of Inequalities and Applications

The answer is that an increase in Ms will mean that there is an excess supply of money and a corresponding excess demand for commodities and securities, but the immediate impact of excess demand will be felt almost exclusively in the securities market.

Encyclopedia Britannica

The immediate result will be a worldwide excess demand for oil and oil products of large proportions that is, supply will fall far short of demand at going prices.

Encyclopedia Britannica

As a result, excess demand is economically optimal for the paying authorities, but conflicts with their political goal.

BMC Health Services Research

This was usually treated as a problem of excess demand, so a central bank would seek to restrict credit (raising interest rates, imposing controls) during booms.

The Economist

Expert writing Tips

Best practice

When discussing economic situations, use "an excess demand" to clearly indicate that the quantity demanded exceeds the quantity supplied at the current price.

Common error

Avoid using "increased demand" when "an excess demand" is more accurate. "Increased demand" simply means there's more demand than before, while "an excess demand" specifies that demand surpasses supply, leading to potential shortages or price increases.

Linguistic Context

The phrase "an excess demand" functions as a noun phrase, typically acting as the subject or object of a sentence. According to Ludwig AI, it's used to describe an economic condition. For example, it can describe something such as "There is an excess demand for Uruguay bonds".

Expression frequency: Common

Frequent in

Science

43%

Encyclopedias

21%

News & Media

19%

Less common in

Academia

11%

Formal & Business

6%

Wiki

0%

Ludwig's WRAP-UP

In summary, "an excess demand" is a commonly used noun phrase in economics to describe a situation where demand exceeds supply. As Ludwig AI confirms, the phrase is grammatically correct and appropriate for use in both formal and informal contexts, particularly when discussing market imbalances. Its frequency in scientific and encyclopedic sources indicates its importance in academic and analytical discussions. When writing, it's crucial to differentiate "an excess demand" from simple "increased demand" to accurately convey the specific economic condition. Understanding the nuances and implications of "an excess demand" can greatly enhance clarity in economic analysis and reporting.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

demand exceeding supply

Explicitly states the imbalance between demand and supply.

surplus of demand

This alternative emphasizes the overabundance of demand rather than the imbalance.

unsatisfied demand

Highlights that the demand is not being fully met by the current supply.

overwhelming demand

This highlights the intensity of the demand, suggesting it's difficult to satisfy.

shortage of supply

Focuses on the insufficient supply as the cause of the demand issue.

high level of demand

Focuses on the magnitude of demand without explicitly stating an imbalance.

market disequilibrium

This refers to an imbalance in the market, where demand and supply are not equal.

excessive buying pressure

This alternative is generally used in financial markets to describe how much the investors are buying a specific asset.

inflated demand

Suggests that the demand is artificially high or unsustainable.

unmet need

This phrase focuses more on the requirements of the buyers not being satisfied.

FAQs

What does "an excess demand" mean in economics?

In economics, "an excess demand" describes a situation where the quantity of a good or service demanded by consumers is greater than the quantity supplied at the current market price. This often leads to price increases or shortages.

How does "an excess demand" affect prices?

When there's "an excess demand", suppliers often raise prices because they know consumers are willing to pay more to obtain the limited supply. This increase continues until a new equilibrium is reached or the demand decreases.

What are some alternative ways to say "an excess demand"?

You can use alternatives like "demand exceeding supply", "surplus of demand", or "unsatisfied demand" depending on the context.

Is "an excess demand" always a bad thing?

Not necessarily. While it can lead to higher prices, "an excess demand" can also signal to producers that there's an opportunity to increase production and meet consumer needs, potentially stimulating economic growth.