👉 Counterdemand is a concept in economics and sociology that refers to the situation where individuals are willing but unable to purchase goods or services due to shortages, price fluctuations, or economic factors. This can lead to shortages of certain goods and services, which can result in decreased consumer spending and reduced economic activity. Counterdemand can also refer to the phenomenon of consumers being unable to buy what they want because there is a shortage of that product or service. Counterdemand can be seen as a form of market failure,
