Full screen

Share

https://www.economicshelp.org/blog/1811/markets/diagrams-for-supply-and-demand/

https://www.britannica.com/topic/supply-and-demand


SOURCES:
Equilibrium Point

Quantity (Q) Price (P)
4 $7
Demand Decreases
0 $9
2 $6
4 $3
6 $0
8 $-1
Demand Increases
0 $11
2 $8
4 $5
6 $2
8 $1
Demand Decreases
0 $3
2 $6
4 $9
6 $12
8 $15

Demand Increases
0 $5
2 $8
4 $11
6 $14
8 $17
Demand Curve
Quantity (Q) Price (P)
0 $10
2 $7
4 $4
6 $1
8 $0
This graph shows the point of equilibrium between the Supply and Demand curves for the same mock product or service. At this point, the quantity supplied and quantity demanded is equal, This is considered the point of equilibrium between Supply and Demand.
This graph shows a typical Demand Curve for the same mock product or service. If demand for the product increases, the demand curve shifts to the right.  if demand decreases, the demand curve shifts to the left, indicating that people are willing to pay less for the product at each price point.
DEMAND CURVE SHIFTS
Supply curve
Quantity (Q) Price (P)       
0 $4
2 $7
4 $10
6 $13
8 $16
SUPPLY CURVE SHIFTS
This graph shows a typical Supply Curve for a mock product or service. If demand for the product increases, the supply curve shifts to the right.  if demand decreases, the supply curve shifts to the left, indicating that producers are willing to supply less of the product at each price point.

How can we simplify supply and demand?
SUPPLY and DEMAND
Want to make interactive content? It’s easy in Genially!

Over 30 million people build interactive content in Genially.

Check out what others have designed:

Transcript

SUPPLY and DEMAND

How can we simplify supply and demand?

This graph shows a typical Supply Curve for a mock product or service. If demand for the product increases, the supply curve shifts to the right. if demand decreases, the supply curve shifts to the left, indicating that producers are willing to supply less of the product at each price point.

SUPPLY CURVE SHIFTS

Supply curveQuantity (Q) Price (P) 0 $42 $74 $106 $138 $16

DEMAND CURVE SHIFTS

This graph shows a typical Demand Curve for the same mock product or service. If demand for the product increases, the demand curve shifts to the right. if demand decreases, the demand curve shifts to the left, indicating that people are willing to pay less for the product at each price point.

This graph shows the point of equilibrium between the Supply and Demand curves for the same mock product or service. At this point, the quantity supplied and quantity demanded is equal, This is considered the point of equilibrium between Supply and Demand.

Demand CurveQuantity (Q) Price (P)0 $102 $74 $46 $18 $0

Demand Increases0 $52 $84 $116 $148 $17

Demand Decreases0 $32 $64 $96 $128 $15

Demand Increases0 $112 $84 $56 $28 $1

Demand Decreases0 $92 $64 $36 $08 $-1

Equilibrium PointQuantity (Q) Price (P)4 $7

SOURCES:

https://www.economicshelp.org/blog/1811/markets/diagrams-for-supply-and-demand/https://www.britannica.com/topic/supply-and-demand

Lorem ipsum dolor sit amet consecteteur

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet consecteteur