How do you determine supply/demand curves? is it simply trendlines?

<p>The supply curve is plotted as a line with an upward slope, pointing up and to the right. If the available quantity of the good increases, the supply curve shifts right. If quantity decreases, the supply curve moves leftThe demand curve is plotted as a line with a negative slope, pointing down and to the right. If the quantity demanded increases, the downward-sloping demand curve moves right. If demand decreases, the curve moves left.&nbsp;</p>

<p id="isPasted">Supply and demand curves are determined by economic principles, not just trendlines; they represent the quantity of a good or service that producers are willing to supply and consumers are willing to buy at various prices. Trendlines, particularly in a trading context, are technical indicators that identify areas of past price support and resistance where supply or demand might be strong, but they are not the curves themselves. To find the actual curves, one would need to gather data on quantities demanded and supplied at different price points or, more commonly, analyze market behavior and shifts in the curves over time.&nbsp;</p><p>Supply and Demand Curves vs. Trendlines</p><p>Supply and Demand Curves: These are foundational economic concepts that show the relationship between price and quantity for producers (supply) and consumers (demand).&nbsp;</p><p>Supply Curve: An upward-sloping curve showing that as prices increase, suppliers are willing to produce and sell more.&nbsp;</p><p>Demand Curve: A downward-sloping curve showing that as prices increase, consumers demand less.&nbsp;</p><p>Trendlines: These are technical analysis tools used in financial markets to draw lines connecting price points on a chart to show the direction of a trend.&nbsp;</p><p>They are not the supply or demand curves themselves but can indicate areas where demand or supply might be strong, acting as support or resistance levels.&nbsp;</p><p><br></p>