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In this detailed lecture, we cover Excess Demand and Deficient Demand from Class 12 Macroeconomics in a simple and exam-oriented way. This complete chapter explanation is ideal for CBSE Board Exam 2026 preparation and for students who want to understand the concepts deeply. 📚 Topics Covered in this Video Meaning of Excess Demand Meaning of Deficient Demand Inflationary Gap Deflationary Gap Causes of Excess Demand Causes of Deficient Demand Effects on Price Level, Output and Employment Measures to control Excess Demand Measures to control Deficient Demand Important CBSE board exam concepts and diagrams In macroeconomics, Excess Demand occurs when aggregate demand exceeds aggregate supply at the full employment level, which creates an inflationary gap and leads to rising prices in the economy. On the other hand, Deficient Demand occurs when aggregate demand is less than aggregate supply at full employment, creating a deflationary gap that leads to falling prices and unemployment. This lecture will help Class 12 Commerce students understand the chapter thoroughly and prepare effectively for the CBSE Economics board exam. ✔ Perfect for: CBSE Class 12 Economics students Macroeconomics board exam preparation Full chapter concept clarity Last-minute revision