What happens to price when more people want something?
For educational purposes only. Simplified illustrations to help you understand how things work. Not financial, investment or tax advice, and not a recommendation.
Fewer buyersMore buyers
Price$63.20+5%
Quantity made108+8%
More buyers → price rises to $63, and producers make more.
More buyers push the demand curve right
Price rises until supply and demand meet again
Producers make more only because the price is higher
