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Supply and Demand: THIS IS OUR LIFE!!

Supply and Demand: THIS IS OUR LIFE!!

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Author: Adam Waddell
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Tutorial

What to do?

We FIRST need to draw and label!!! 

  • Draw the Q1 (quadrant 1) of a regular cross graph.
    • Should be a vertical y-axis and a horizontal x-axis
  • Then we LABEL both axes. The y-axis will be labeled "price" and the x-axis will be labeled "quantity"

 

CURVES CURVES CURVES!!!

We now draw the curves!

  • The DEMAND curve goes DOWN to the ground
  • The SUPPLY curve goes up to the SKY

 

Video Tutorial

Here is a more in depth look at supply and demand

Source: www.youtube.com