A supply schedule, depicted graphically as a supply curve, is a table that shows the relationship between the … See more

Generally speaking, an equilibrium is defined to be the price-quantity pair where the quantity demanded is equal to the quantity supplied. It is represented by the intersection of the demand and supply curves. Th… See more

The model of supply and demand also applies to various specialty markets.
The model is commonly applied to wages, in the market for labor. The typical roles of supplier and demander are reversed. The suppliers ar… See more

Demand and supply relations in a market can be statistically estimated from price, quantity, and other data with sufficient information in the model. This can be done with simultaneous-equation methods of estimation in … See more

Demand and supply have also been generalized to explain macroeconomic variables in a market economy, including the quantity of total output and the aggregate price level. The aggregate demand-aggregate … See more

The 256th couplet of Tirukkural, which was composed at least 2000 years ago, says that "if people do not consume a product or service, then there will not be anybody to supply that product or service for the sake of price". … See more