Asked • 03/14/19

What do supply-demand curves really look like?

In my basic high school economics course, we've always used supply-demand curves that are lines to simplify calculations. In real markets for real goods, what do the supply and demand curves look like? From a mathematical perspective, what would be the concavity, asymptotes, and intercepts?I would imagine the quantity demanded would tend to zero as the price increased to infinity and the quantity demanded would grow very large as the price approached zero, but that is just what my intuition tells me.

2 Answers By Expert Tutors

By:

Jonathan P. answered • 03/14/19

Tutor
5 (8)

B.S. in Economics; 2 years as Intermediate Microeconomics GSI at Cal

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