Discover how the law of supply impacts prices and quantities, and explore various types and examples that explain this ...

The demand curve is one of the lines on a supply and demand graph. It represents various levels of consumer demand for a product at different prices. At high prices, demand is generally low.

Introductory-level economics uses supply and demand curves to identify the "ideal" price for a product, service or other economic activity. In Econ 101, these curves assume that the economy is ...

IS and LM curves, their characteristics, and limitations to understand macroeconomic equilibrium in goods and money markets.

I’m not convinced. The reason we said “close to $8,000″ is that the supply curve is typically upward-sloping, not vertical, as shown on the graph in that follow-up post.