The Marshallian Cross

The Marshallian Cross is a graphical representation used in economics to illustrate the interaction between supply and demand in a market. It features two curves: the demand curve, which shows how much consumers want to buy at various prices, and the supply curve, which indicates how much producers are willing to sell. The point where these two curves intersect is called the equilibrium point, representing the market price and quantity where supply matches demand. This model helps to understand how prices are determined and how changes in market conditions can affect supply and demand.