Excess demand refers to ____________.
Group of answer choices
When domestic supply is higher than overseas supply, excess demand refers to the difference between domestic supply and overseas supply.
When domestic demand is higher than domestic supply, excess demand refers to the difference between domestic demand and domestic supply.
When domestic demand is higher than overseas demand, excess demand refers to the difference between domestic demand and overseas demand.
When domestic supply is higher than domestic demand, excess demand refers to the difference between domestic supply and domestic demand.