Supply and Demand Curves and the Point of Equilibrium
Prepare three paragraphs of 6 to 7 sentences each that describe your understanding of how the points on the curve differ from the curve moving to the right or to the left and the significance of the Point of Equilibrium pricing.

Additionally, answer:
1) Real (inflation-adjusted) tuition costs were nearly constant during the 1960s despite a huge increase in the number of college students as the very large Baby Boom generation came of age. What does this suggest about the supply of higher education during that period? When the much smaller Baby Bust generation followed in the 1970s, real tuition costs fell. What does that suggest about demand relative to supply during the 1970s?
2) Explain the law of demand. Why does a demand curve slope downward? How is a market demand curve derived from individual demand curves?
3) Explain the law of supply. Why does a supply curve slope upward? How is a market supply curve derived from the supply curves of individual producers?
4) For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firm’s shares demanded equals the quantity supplied. So, if this equality always occurs, why do the prices of stock shares ever change?