Economics
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Boundless Economics
Introducing Supply and Demand
Supply
Economics Textbooks Boundless Economics Introducing Supply and Demand Supply
Economics Textbooks Boundless Economics Introducing Supply and Demand
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
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The Law of Supply

Law of Supply and Law of Demand: Equilibrium

Law of Supply and Law of Demand: Equilibrium

The law of supply and the law of demand form the foundation for the establishment of an equilibrium--where the price to quantity combination for both suppliers and demanders are the same.

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    http://upload.wikimedia.org/wikipedia/commons/thumb/f/f2/Simple_supply_and_demand.svg/629px-Simple_supply_and_demand.svg.png CC BY-SA.

Related Terms

  • surplus
  • shortage
  • equilibrium
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