The demand for a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to buy at that price. If demand at a price exceeds [[Supply|supply]], there will be a [[Shortage|shortage]]. If supply exceeds demand there will be an [[Oversupply|oversupply]]. | The demand for a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to buy at that price. If demand at a price exceeds [[Supply|supply]], there will be a [[Shortage|shortage]]. If supply exceeds demand there will be an [[Oversupply|oversupply]]. |