When the demand for goods and services are more than the supply of the economy, a condition of inflation pulled by demand is experienced in the economy.
What is demand-pull inflation?
A situation which happens due to the increased demand for a product and limited supply of such product in the market is regarded as a demand-pull inflation.
Hence, option B; demand-pull inflation is experienced in the economy when the demand of consumers is more than the supply in the economy.
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