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What are the general characteristics of the demand-supply curve?
Characteristics of general demand curve:
1. The demand curve is inclined to the lower right with a negative slope.
2. The demand curve can be a straight line or a curve.
3. Demand and demand have different meanings.
There is not only one demand curve, but also countless ones.
The supply curve is a functional relationship between commodity price and supply expressed by geometric figures, and the supply curve is a curve drawn on the plane coordinate diagram according to the combination of commodity price and supply in the supply table.
Characteristics of general supply curve:
1. The supply curve inclines to the upper right with a positive slope.
2. The supply curve can be a straight line or a curve.
3. Supply and supply have different meanings.
There is not only one supply curve, but also countless ones.
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