Question

scenario:bonds gym has developed a reputation for great customer service and low monthly membership fees. due to this reputation, the gym has reached the maximum number of monthly memberships that can be sold, but it still has a large number of new customers who want to join.
in this situation, bonds gym is experiencing
this means that there are applicants who want to join the gym.

Explanation:

In the context of Bond's Gym, when a business reaches the maximum number of memberships it can sell but still has many customers wanting to join, it's experiencing a situation related to demand exceeding supply (a shortage in terms of available memberships, or more accurately, excess demand). The first blank should be "excess demand" (or a similar term like "a shortage of available memberships" but in the context of business supply - demand, excess demand is when quantity demanded exceeds quantity supplied, here the gym's supplied memberships (max sold) are less than the demanded (new customers wanting to join)). The second blank would be "more" (since there are more applicants wanting to join than the gym can accommodate with its current maximum memberships).

Answer:

First blank: excess demand (or similar supply - demand related term for when demand exceeds available supply of memberships)
Second blank: more