What do supply and demand curves have in common?

Question

Quizplus · Accepted Answer

Supply and demand curves both relate quantities to prices. The demand curve reflects how much of a good consumers want to buy at each price point, while the supply curve reflects how much producers are willing to sell at each price point. The intersection of these curves determines the market price and quantity. The slopes of these curves can vary depending on the specific market conditions, but they do not always have negative or positive slopes, and they do not exclusively reflect the actions of producers.

What Do Supply and Demand Curves Have in Common