Breakdown of Ofmatið á eftirspurninni eykur offramboðið.
á
onto / on / in (static location) / on (a day of the week)
auka
to increase
eftirspurnin
the demand
offramboðið
the oversupply
Questions & Answers about Ofmatið á eftirspurninni eykur offramboðið.
How does the prefix of- change the meaning of the base nouns in this sentence?
The prefix of- implies an excess or "too much" of something, directly equivalent to "over-" in English. In this sentence, it attaches to mat (assessment/estimation) to create ofmat (overestimation), and to framboð (supply) to form offramboð (oversupply).
Why is eftirspurninni (the demand) in the dative case here?
It is dictated by the preposition á. When nouns related to evaluation, estimation, or measurement (like mat and its compound ofmat) take a preposition to indicate what is being evaluated, they almost always use á followed by the dative case.
What are the literal building blocks of the words for supply and demand used here?
They are highly literal compound words. Eftirspurn (demand) is built from eftir (after) + spurn (an inquiry or asking), literally "asking after" something. Framboð (supply) combines fram (forward) + boð (an offer), essentially meaning "what is offered forward."
The English translation uses the verb-like "Overestimating demand", so why does Icelandic use definite nouns (ofmatið and eftirspurninni)?