Respuesta :
I believe the answer is: scarcity
When the demand overwhelmingly surpass the amount of goods produced, the goods would be sold out from the market in an instant.
This would create a situation where the product become scarce/rare, and its price value would skyrocket since many consumers would be willing to go out of their comfort zone to buy them.
When the demand overwhelmingly surpass the amount of goods produced, the goods would be sold out from the market in an instant.
This would create a situation where the product become scarce/rare, and its price value would skyrocket since many consumers would be willing to go out of their comfort zone to buy them.
The correct answer is: "excess demand or shortage".
If the amount demanded exceeds the amount supplied of a certain product, there is a shortage and the market is not in equilibrium, because the desires of producers and consumers do not meet. The price of the product will rise therefore, according to the law of demand, the higher the price the smaller the number of consumers who are willing to purchase the product at the more expensive price.
Such price increase would continue until reductions in the amount demanded lead to a point in which quantity supplied and demanded are equal again and, therefore, the equilibrium in the market will be restored.