The equation that spells out the quantities consumers are willing to buy at each price is called the demand curve. Demand and supply curves can be charted on a graph, with prices on the vertical axis ...

Aggregate supply and demand are represented separately by their own curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

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Fact checked by Vikki Velasquez Reviewed by Erika Rasure Simple or individual supply describes the amount of a good or service available to consumers from an individual producer. Aggregate supply is ...