Supply And Demand – Supply And Demand Graph – Economics Graph – Supply and demand graphs depict the equilibrium between suppliers and consumers. The graph is an intersection of two curves mapped against quantity and price. The most famous economics framework of the supply demand equilibrium.
Consumers are willing to pay a higher price for a low quantity of goods. The price declines as the quantity demanded increases. Suppliers on the other hand are willing to supply a large quantity at a high price and a low quantity at a low price.