The Laws of Demand and Supply are a hoax?

The Law of Demand and Supply would only be relevant for an individual consumer/worker. A single consumer buys more at cheaper prices, and works more at higher wages. But surely this does not hold when scaled up to the wider macro economy? In the wider economy, you have a dynamic feedback loop between... show more The Law of Demand and Supply would only be relevant for an individual consumer/worker.

A single consumer buys more at cheaper prices, and works more at higher wages.

But surely this does not hold when scaled up to the wider macro economy?

In the wider economy, you have a dynamic feedback loop between prices,supply and demand.

You cannot use a static graph with two intersecting lines!
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