Tricks of reading supply and demand graphs
February 1, 2007 8:49 AM Subscribe
I'm having the darndest time reading and discerning supply and demand graphs in Microeconomics, and I'm looking for suggestions from econ whizzes on how to improve in this area.
posted by dropkick to Education (6 answers total) 2 users marked this as a favorite
There is so much that can be read from a simple supply and demand graph: who is getting product and how much, who isn't, price ceilings and price floors etcetera etcetera. I want to get good at it, and I'm asking for any tricks in parsing all this information quickly and accurately. Where do I look first on the graph? What question do I ask first? What do you do to extract all that info from a few straight lines on a page?