Assertion: demand curve | /r/HasProperty | combined with supply curves
Facets:
value: often
type: TEMPORAL
value: to estimate the equilibrium price
type: PURPOSE
Source sentences:
text: Demand curves are used to estimate behaviors in competitive markets, and are often combined with supply curves to estimate the equilibrium price (the price at which sellers together are willing to sell the same amount as buyers together are willing to buy, also known as market clearing price) and the equilibrium quantity (the amount of that good or service that will be produced and bought without surplus/excess supply or shortage/excess demand) of that