ylikysyntää

Ylikysyntä, often translated as excess demand or overdemand, is an economic concept describing a situation where the quantity of a good or service that consumers are willing and able to buy at a given price exceeds the quantity that producers are willing and able to sell at that price. This typically occurs when the market price is below the equilibrium price.

When ylikysyntä is present, there are more buyers than available goods. This shortage often leads to increased competition among buyers, potentially driving prices up. Producers, observing the high demand and the willingness of consumers to pay more, may be incentivized to increase production or raise prices to meet this demand. In a free market, this upward pressure on prices will eventually move the market towards equilibrium, where the quantity demanded equals the quantity supplied.

Factors contributing to ylikysyntä can include sudden increases in consumer income, a decrease in the price of substitute goods, or a decrease in the cost of production for complementary goods. It can also arise from external shocks, such as natural disasters that disrupt supply chains or unexpected surges in popularity for a product. Government interventions, such as price ceilings set below the market equilibrium, can also artificially create ylikysyntä by keeping prices too low. Understanding ylikysyntä is crucial for analyzing market dynamics and predicting price movements.