Microeconomics: Law Of Demand & Law Of Supply

 


Note: ** Law of demand not Law of demands (Typo) ** Qs in the second graph is an abbreviation for quantity demanded rather than quantity supplied unlike in the first graph

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Relevant Background: "Microeconomics focuses on the actions of individual agents within the economy, like households, workers, and businesses.." (Shapiro et al., 2022)


References: 

Shapiro, D., Macdonald, D., & Greenlaw, S. A. (2022). Principles of Microeconomics 3e (3rd ed.). Open Stax. https://openstax.org/details/books/principles-microeconomics-3e


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