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In microeconomics, excess demand, also known as shortage, is a phenomenon where the demand for goods and services exceeds that which the firms can produce.
Products, Sonnenschein–Mantel–Debreu theorem & Market dynamics
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demand excess price function equilibrium market supply meaning negative positive product product's minus normally implies microeconomics shortage value zero quantity
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Excess demand function | is a | function expressing excess demand for a product | 0.90 | text |
| d P d t | instance of | the adjustment process is expressed as a differential equation | 0.80 | text |
| P t | instance of | then the dynamics are described by a difference equation | 0.80 | text |
| Excess demand function | related to Market dynamics | The | 0.60 | section |
| Excess demand function | related to Market dynamics | If | 0.60 | section |
| Excess demand function | related to Market dynamics | This | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | The Sonnenschein | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | Mantel | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | Debreu | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | Gérard Debreu | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | Rolf Mantel | 0.60 | section |
| Excess demand function | related to Sonnenschein–Mantel–Debreu theorem | Hugo | 0.60 | section |
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