By Keerthi Chandrashekar | First Posted: Jul 23, 2012 12:19 PM EDT

The Nexus 7 is positioned as a quality tablet for the "thriftier buyer" (Photo : Google)

If you're looking to purchase a tablet, and were hoping to get your hands on a Google Nexus 7, you just might have to wait unless you're fine with paying more or going with the 8 GB model. 

Google's online store, Google Play, has stopped taking orders for the 16 GB version of the Nexus 7 tablet. Potential customers can instead sign up to receive an email notification when the device is available for purchase. The 8 GB Nexus 7 tablet is still available for $199 and will be "delivered within 3-5 business days."

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Demand for the Nexus 7 has been high, and almost all brick-and-mortar stores are sold out of initial shipments. The internet is the only place to realistically buy the tablet until the next wave of shipments from Asus and Google arrive at stores like Gamestop and Staples.

The price on Ebay for an 8 GB Google Nexus 7 will run around $275 - a $75 increase over Google's retail price. The 16 GB version is even scarcer, and goes for around $300-$325. The prices are approximately the same as they were in the initial week of the Nexus 7 launch.

The Google Nexus 7 is Google's most prominent entry into the tablet market that is dominated by Apple. Unlike the iPad, however, the Nexus 7 is designed to compete in the budget tablet market. 

It is similar to the Amazon Kindle Fire in the sense that the price tag and size of the device is far smaller than Apple's more expensive iPad. The Nexus 7 sports a 7-inch screen, Wi-Fi and Bluetooth, a front-facing 1.2 megapixel camera, and a Nvidia quad-core Tegra 3 processor. It also comes with the latest version of the Google Android operating system, Jelly Bean.

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