Question

What is supply and demand curve ?

Answer 1

A supply and demand curve is a plotted graph showing the consumer demand vs what suppliers are willing to supply. The point of putting this information on a chart is to find the equilibrium or supply and demand to help businesses sell.

I attached a supply and demand curve for reference. Hope I could help!

Answer 2

As said by Plexii, the supply and demand is what the consumer demand vs. what the suppliers are willing to supply. 

When you see the chart seen, you would notice that there is a place that it meets and difference in the rest of the area.

If the supply is greater than the demand, the price would be a lot more lower. If however the demand is greater than the supply, the price would be higher. Using the graph, sellers can find out how to find the best profit through finding information on what buyers are willing to pay to buy their goods.

hope this helps