What to do so as the gap between demand & supply is reduced?

Answer 1

Management of this equation would depend on what is at stake, viz. perishable goods, non-perishable goods, self life, money circulation, scrap value etc.
For any situation, at the two end of the equation of demand and supply one more node exist and that is a buffer zone of stock piling or ware housing or stock holding that acts as an accelerator or de-accelerator and control the gap or control the market economy.
To some extent, temporarily through pricing and production or circulation of commodity and money, change in the equilibrium can be engineered, except in special situations like war or by enforcing economic sanctions etc.

The other aspect is which part of globe one is situated, if it is developed country, the equilibrium setting parameters would be quite different from that of developing countries.
In developed countries, in general, the income and basic expenses ratio of an average individual is 2-3 while in developing countries like India it is less than 1 on an average. This disparity can create highly volatile situating in demand and gap equilibrium for the same commodity in different countries.
Gap in demand and supply is an indicator of growing market economy and improvement of quality of life. Strategies for reducing this gap would be counter productive for growing economies of third world countries.
What is required is, increase in the ratio of income and basic expenses of an average person.
No gap in demand and supply would indicate saturation and would lead to loss of productivity.
My hypothetical answer to your question would be - flood the market with goods and/or money the gap would die out immediately.
nk agarwal

Answer 2

Why should the gap be reduced?
If I supply something no one demands, that's my problem.
If more people demand, a scarce commodity I supply, that's my benefit.

Supply and demand pan itself out in the market. Any interference with that at the local and State, even Federal levels of government, is probably the result of a vote buying scheme!

Answer 3

Demand & Supply is directly proportion to each other & one should plan the production accordingly to materialize the order.

Answer 4

either increase the supply, or reduce the demand.

Answer 5

See carefully:
demand&supply

Produce more, consume less.

I say: Spend less.
My wife say: Earn more
Gap between income and expenditure is less but should be more.

Answer 6

Increase production.
Create condition to create less demand.
Control money circulation.

Answer 7

ITS BETTER TO HAVE LIMITED SUPPLY EVENTHOUGH THE DEMAND IS HIGH.SINCE THE VICE VERSA MAY ALSO TAKE PLACE.SO ITS BETTER TO HAVE LIMITED SUPPLY.

Answer 8

The production should be controlled.

Answer 9

birth control...