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Quantity adjustment
In economics, the concept of quantity adjustment refers to one possible result of supply and demand disequilibrium in a market, either due to or in the absence of external constraints on the market. In the textbook story, if the quantity demanded does not equal the quantity supplied in a market, price adjustment is the rule: if there is a market surplus or glut (excess supply), prices fall, ending the glut, while a shortage (excess demand) causes price rises.
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