High school · Economics
Read a Market Schedule
Find modeled equilibrium and calculate shortages or surpluses at a stated price.
One selected lesson · Temporary, ungraded practice
Learn
Reading 1 of 4
Demand and supply are relationships
Demand is the set of quantities buyers are willing and able to purchase at different prices during a stated period. Supply records the quantities sellers are willing and able to offer. A wish without purchasing ability does not automatically enter market demand. A schedule lists several price-quantity pairs; no single row describes the whole demand or supply relationship. Keep the good, unit, market, and time period consistent.