As was the case last year, the demand for both programs far exceeded the available funding.
"In these markets, the demand for such services often far exceeds growth."
If a society's demands for a certain good exceed the supply, then the product's price will go up.
More likely, though, it was a matter of demand exceeding supply.
Demand will always exceed supply for some things, and a political economy may continue to exist in any case.
"Clearly the demand for high quality schools exceeds the supply," she said.
The demand for houses, they say, far exceeds the supply.
In fact it's increasing the demand exceeds the supply at the moment.
Almost from the outset, demand has exceeded the program's capacity.
But by 1952, it was obvious that demand would soon exceed capacity.