This curve should start in the upper-left, and end in the lower right: When the price is high, consumers demand a lower quantity of that good, and vice versa. This is the demand curve.

Graph the demand curve. Find the equilibrium price and quantity of spades. (Hint: at the equilibrium Q D =Q S). c). Bowing to pressure from the mechanical digger lobby, the government decides to ...

When the price of a product changes, the equilibrium point along the existing supply curve will simply change. For example, imagine a current level of supply for a good whose price is $100.

The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy. It is also used ...