Demand and Supply Diagram: Excess Demand Explained
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Understanding Excess Demand and Supply Shortages

Prompt

Craft an image of a demand and supply diagram illustrating the concept of excess demand and a shortage of supply. The vertical axis represents price, and the horizontal axis represents the quantity. The demand curve is sloping downwards while the supply curve is sloping upwards, intersecting at the equilibrium point. However, the actual quantity supplied is less than the quantity demanded, leading to a gap between the two curves to the right of the equilibrium point. This gap represents the excess demand or shortage of supply. The image should be clean, precise, and easy to interpret, with labels for clarity.

Created on 4/13/2024 using DALL-E 3 modelReport
License: Free to use with a backlink to Easy-Peasy.AI

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