2007-07-09 11:51:41 · 4 answers · asked by juan carlos 2 in Social Science ➔ Economics
demand - the amount of a good that buyers are willing and able to purchase
demand curve - graph showing the amount of a good that buyers are willing and able to purchase at various prices
supply - the quantity of goods supplied by the producers of a good
supply curve - graph showing the quantity of goods supplied by the producers of a good at various prices
2007-07-09 19:10:08 · answer #1 · answered by JuanB 7 · 0⤊ 0⤋
Hello,
The Supply Curve & The Demand Curve, are just ways to show how consumers behave, in terms of the things they buy, or treat as essential to their lives.
* Demand is measured by the amount of goods and services that consumers generally want or purchase.
* And Supply is measured by the amount of produce manufactures or producers, are able to supply, to meet those demands.
Therefore, the CURVE is an indication on a chart that shows you exactly that.
When the CURVE goes to the TOP of the graph, the demand or supply is HIGH.
* And when the curve Rises and Falls below the expected demand for those products, then that product is less in demand, or is waning in demand.
And the CURVE is on a download slope or Curve.
BringBaka.
NYC
2007-07-09 12:05:41 · answer #2 · answered by BringBaka 3 · 0⤊ 0⤋
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2016-12-14 03:59:59 · answer #3 · answered by ? 4 · 0⤊ 0⤋
when one is high the other one is low & vice versa.
2007-07-09 11:58:55 · answer #4 · answered by sir harris 1 · 0⤊ 0⤋