Scenario: bond's gym has developed a reputation for great customer service and low monthly membership fees. due to this reputation, the gym has reached the maximum number of monthly memberships that can be sold, but it still has a large number of new customers who want to join. in this situation, bond's gym is experiencing . this means that there are applicants who want to join the gym.

In this situation, bond's gym is experiencing EXCESS DEMAND. This means that there are TOO MANY applicants who want to join the gym.

Explanation:

In this scenario, excess demand results from too many applicant wanting to join the gym, but the gym is not capable of satisfying that demand. Probably there are health and safety regulations that limit the number of members that the gym can take.

Excess demand is simply too many consumers and a limited supply. Generally excess demand would lead to higher prices in order to balance the supply and demand.

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