Please read the following and respond with a minimum 150 word commentary. Your response should reflect original thoughts and opinions.
In your own words, explain why a simple demand curve and a simple supply curve seem to form the letter ‘X’ . Explain what is happening at the ‘cross’ of the ‘X’, or where the demand and supply curves intersect.
Category: survey of economics
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Title: The Intersection of Demand and Supply: Understanding the ‘X’ Shape of the Market The simple demand and supply curves are graphical representations of the relationship between the quantity of a product or service that consumers are willing to buy and the quantity that