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Demand and supply curve


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Demand and supply curve

  1. 1. Demand andSupply Curve
  2. 2. Law of Demand Higher thein Demand Change price of a good, lower is demand A shift of the thePrice curve due a change in quantity demanded for other factors while price that good, and vice versa, S2 remains constant. ceteris paribus S1 Supply P1 Law of Supply Change in Supply Higher the price of a A shift of the supplyP0 good, higher the curve due a change in quantity supplied for D2 other factors while price that good and vice versa, remains constant. ceteris paribus. D1 Demand0 Q1 Q0 Q0 Q1 Quantity