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Made by: Leyre Mendoza Lana

GRAPH FOR SUPPLY

Is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis. - increase in demand = demand curve rightward - decrease in supply = supply curve leftward.

GRAPH FOR DEMAND

is a graph that shows the relationship between the price of a good or service and the quantity demanded within a specified time frame. If the quantity demanded increases, the downward-sloping demand curve moves right. If demand decreases, the curve moves left.

GRAPH for equilibrium

On a graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

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SOURCES: - https://www.investopedia.com/terms/s/supply-curve.asp- https://www.investopedia.com/terms/d/demand curve.asp#:~:text=A%20demand%20curve%20is%20graph,corn%20or%20soybeans%2C%20for%20example. - https://courses.lumenlearning.com/wm-introductiontobusiness/chapter/equilibrium-price-and-quantity/#:~:text=Equilibrium%3A%20Where%20Supply%20and%20Demand,D)%20intersect%20is%20the%20equilibrium.