Supply and demand curves both

Name: Supply and demand curves both
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Question

Quizplus · Accepted Answer

Both supply and demand curves relate quantities to prices. The demand curve shows the amount of a good that consumers are willing to buy at different prices, while the supply curve shows the amount of a good that producers are willing to sell at different prices. Both curves intersect at the equilibrium price, where the quantity demanded and the quantity supplied are equal.

Supply and Demand Curves Both