Question
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Is drawing both supply and demand lines helpful?
2 Answers
<p id="isPasted">Supply and demand curves are a way to visually understand the relationship between supply, demand, and price under given conditions. They illustrate how an equilibrium price is met when supply equals demand. The point is not to predict a specific price.</p><p><br></p>
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<p id="isPasted">It doesn’t matter if you are just demonstrating some simple concept such as shift of demand or supply curve, because as long as the supply and demand are continuous and at monotonic you will get the same result. However, the shape of demand and supply would matter.</p>
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