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So, lets say we are in the apple market. What I want to do in this video is think about both demand and supply for the apples at different prices. Lets draw ourselves a little graph here. We already know this right over here, the vertical axis is the price axis, and this were going to say is price per pound. The horizontal axis this is the quantity. The quantity of apples. Lets put some tick marks here. Lets say thats $1 a pound, $2 a pound, $3 a pound, $4 a pound, and $5, and lets say this is thousands of pounds produce and we have to set a period. Lets say this is for the next week, and so this is 1000 pounds, 2000, 3000, 4000, and 5000. Now, lets think about both the supply and the demand curves for this market, or potential supply and demand curves. First I will do the demand. If the price of apples were really high, and I encourage you to always think about this when you are about to draw your demand and supply curves. If the price of apples were really high, what would h
