Suppose there is an excess demand for water in Florida.This means that we can expect the price of water to increase in Florida over time.

Name: Suppose there is an excess demand for water in Florida.This means that we can expect the price of water to increase in Florida over time.
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Excess demand for a product typically leads to an increase in price over time as suppliers are able to charge more in a market where there are more buyers than sellers.

Suppose There Is an Excess Demand for Water in Florida