A curve can be represented by both complicated and simple mathematical equations, depending on the desired accuracy and complexity. The discussion highlights that while a simple equation like y = 1/x can approximate a curve, more intricate equations can provide a closer fit by incorporating additional terms. However, the complexity of an equation is subjective and can vary based on the context and the level of detail required. The conversation also touches on the idea that while equations can be simplified, they can also be made increasingly complex without losing their fundamental meaning. Ultimately, the relationship between complexity and simplicity in mathematical expressions is nuanced and context-dependent.