Basic Supply and Demand

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This is a basic supply and demand diagram for the purpose of teaching an introductory microeconomics class. The upward-sloping line is the supply curve, while the downward-sloping line is the demand curve. and represent the equilibrium price and quantity. Inverse functions were used in building this model.

Contributed by: Mark Gillis (March 2011)
Open content licensed under CC BY-NC-SA


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