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    Demand-Supply curve

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    Demand-Supply curve

    (see attached file for diagram)

    In a demand and supply diagram the x-axis is quantity and the y-axis is price. The two curves are aggregate demand and aggregate supply. Here Aggregate demand is the total output demanded in an economy at a given price level whereas the aggregate supply curve is the total quantity produced in an economy at a given price level. The ...

    Solution Summary

    Demand-Supply curve is depicted.