Alimited amount of goods available means that excess is occurring.

A limited amount of goods available means that excess demand is occurring.

The excess demand for any good or service is equal to a low supply of the commodity, meaning that in the market we will find a limited amount of goods or services at a higher price.

This raising of prices can be beneficial to the equilibrium level supply and demand, as the suppliers will start producing more but the demand from buyers will decrease. This would eventually drive the price and quantity to its equilibrium level.

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