Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.

course project – supply and demand outline

It depends on the specific product or service being discussed. In some cases, demand may be greater than supply (leading to a shortage), while in other cases, supply may be greater than demand (leading to an excess). Generally speaking though, if both demand and supply are in equilibrium then it will result in stable prices. If either one is out of balance then it can lead to higher or lower prices depending on the market forces at play.