11. Lesson 1 : If the price is set artificially low, there will be excess demand . 12. That produces a so-called " excess demand " for equities of about $ 34 billion. 13. But what if the excess demand is for " money ", because people are hoarding it? 14. Instead, Resler said inflation is caused by excess demand , and excess availability of money and credit. 15. Prices are raised for goods with excess demand . 16. It is equilibrium rationing as there exists excess demand for credit at the equilibrium rate of interest. 17. If excess demand for cherries is zero, then by Walras'law, excess demand for apples is also zero. 18. Investors'enthusiasm for new issues is illustrated by the excess demand for each stock introduced to the market. 19. Foreign loans are being recalled and the baht is tumbling because of excess demand for US dollars. 20. If excess demand for cherries is zero, then by Walras'law, excess demand for apples is also zero.
