DEMAND CURVE SUPPLY CURVE

demand CURVE
supply CURVE
1.      Meaning
Demand curve is the graphical representation of a given demand schedule. It shows variations in the quantity demanded in response to change in price.

2.      Price Relationship
There exist an inverse relationship between the quantity demanded and the price of a given commodity.
3.      Slope of the curve
The demand curve slopes downwards form the left to right. It has negative slope.

4.      Behaviour Relationship
The demand curve indicates buyers’ behaviour in response to change in price.



Supply curve is the graphical representation of a given en supple schedule. It shows the variations in the quantity supplied in response to change in price.

                                                
There exist an direct  relationship between the quantity supplied and the price of a given commodity


The supply curve slopes upwards from left to right. It has positive slope.


The supply curve indicates sellers’ behaviour in response to change in price.


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