Supply and Demand Diagram
Graph showing supply curve (upward-sloping) and demand curve (downward-sloping) intersecting at equilibrium point.
Real World
When Russia restricted wheat exports in 2022, the global supply curve shifted left, raising the equilibrium price of bread-making flour — a real shift clearly illustrated on a supply and demand diagram.
Exam Focus
Draw, label, and annotate axes, curves, and the new equilibrium; unlabelled diagrams rarely earn full marks.
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