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 ...

The point where the two curves meet is called the equilibrium point. Economist Alfred Marshall is usually credited with pioneering the supply and demand curves that are used in economics textbooks ...

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

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.