In this week my prophesier in economic class ask me to do some rehashes in supply and demand curve, as usual I went to Google web site in write supply and demand curve, there was many answers about me question. The most and strongest answer to my question was in this site http://www.netmba.com/econ/micro/supply-demand/ and the answer to my question was the demand curve is: “is the graph depicting the relationship between the price of a certain commodity” , and the amount of this is the consumers can willing and able to buy at that given price. The demand can be shifted to the right and to the lift, if it’s shifted to the right that is mean there are increase, and when it’s shifted to the lift that’s mean there are decrease.
The supply curve is: “The quantity supplied of any good is the amount that sellers are willing and able to sell.” And there are some effective for the supply or make it increase or decrease which is change in the price of the product or change in a determinant other than price.
Figure 1: Demand and Supply Curve
there is a figure in end of this page.
there is a figure in end of this page.
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