how to make a demand and supply curve
Answers
relation between Demand and Price is negative so curve of Demand always make in down side.
Supply :- supply of a commodity refers to a schedule showing various quantities of a commodity that the producers are willing to sell at different possible prices of the commodity at a point of time.
relation between Supply and Price are always in upper side.
y
|. Demand curve
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|. \
|. \
|__ \___
0 x
y
l
l. / Supply curve.
l. /
l. /
l/______
0 x
Refer attachment for Supply and Demand curves.
Supply curve is upward line(red) from left to right.
Demand curve is downward line(blue) from left to right .
Extra Information :-
DEMAND -
Demand is the quantity of certain goods which are desired by the consumers from the market.
THE LAW OF DEMAND -
This is a inverse relationship between the prices of goods and it's demand . If the price of the goods rise then their demand will fall . In other words , The higher the price , The lower the quantity demanded . Demand curve is downward line from left to right .
SUPPLY -
Supply is the quantity of certain goods or services which are provided by the desired suppliers to the market.
THE LAW OF SUPPLY -
This is a direct relationship between the prices of goods and it's supply . If the price of the goods rise then their supply will also rise . In other words , The higher the price , The higher the quantity supplied. Supply curve is upward from left to right.