Market Clearing
Supply, demand, and the invisible hand at work
Demand slope:
-2.0
Supply slope:
1.5
Demand shift:
0
Supply shift:
0
Demand Shock +
Demand Shock −
Supply Shock +
Supply Shock −
Price Dynamics
Reset
—
Eq. Price
—
Eq. Quantity
—
Consumer Surplus
—
Producer Surplus
Supply and demand curves intersect at the market equilibrium. The price mechanism coordinates decentralized decisions.