Supply, Demand, and Equilibrium

The study of production, distribution, and consumption of goods and services. Supply, Demand, and Equilibrium turns that idea into something you can manipulate directly and watch respond.

The study of production, distribution, and consumption of goods and services. It focuses on Microeconomics, Macroeconomics, Economic Agents, Fiscal and Monetary Policy, Public Policy from the “Economics” section.

The “Demand Level 100”, “Supply Level 20”, “Demand Elasticity 1.0” sliders change the key inputs. Every change updates the visualization in real time, so you can see exactly how each variable affects the outcome.

The Bookshelves area in the LibreTexts Library serves as a centralized repository for curated academic texts across a wide array of social science and professional disciplines. Managed by the LibreTexts Development team… This demo is the interactive piece for the “Economics” section. Open the full Overview of Social Science and Professional Disciplines course wiki at https://www.getlykke.com/explore/public/overview-of-social-science-and-professional-76e90f78-265a-4c20-a32c-7a65e795fc57 for notes, flashcards, quizzes and the other demos.

You'll build intuition for Microeconomics, Macroeconomics, Economic Agents, Fiscal and Monetary Policy, Public Policy — and, crucially, see how they behave when you change the inputs, which is hard to get from a textbook or lecture on Overview of Social Science and Professional Disciplines alone.