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Supply & Demand Curves

Visualize supply and demand curves intersecting at market equilibrium where quantity supplied equals quantity demanded. Explore the law of demand (inverse price-quantity relationship) and law of supply (direct price-quantity relationship). Understand how shifts in demand (income, preferences, related goods) or supply (input costs, technology, expectations) create shortages or surpluses that drive price adjustments back to equilibrium. Practice analyzing how market forces allocate scarce resources efficiently.

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