When the consumers demand more than the economy can produce then the shortage of goods and services occurs which ultimately leads to inflation.
Consumer demand refers to the willingness and purchasing power of an commodity. It is an need and desire to purchase a commodity along with ability to purchase it.
Demand and Supply are the two forces which regulates the market. when the demand of certain product increases then it leads to shortage of the product and then it rises the price of the commodity.
Learn more about demand and supply here:
https://brainly.com/question/13353440
#SPJ4
