A practical demonstration.
Connecting two signal sources to a display, using three 100 Ohm resistors:
On the scope, we see this:
A 100kHz sinewave superimposed on a higher frequency signal which the scope shows as a band of signal.
But looking on the spectrum analyser, we see:
Just the 1MHz signal and the 100kHz signal.
(And the image of the 100kHz signal, which is just there because of the way the analyser works and is set-up).
But if we change the resistive network for a diode ring mixer (OK so it is a home made lash-up based on an SBL-1, that I made some time ago in the hope that it would give me some good results at low frequencies. All in all it was not a great success.):
On the scope we see this:
The typical output of a balanced mixer.
If the balance was better, the zero crossing points would be sharp nulls.
Note that this is NOT an conventional Amplitude Modulated signal, it is a Double SideBand Suppressed Carrier signal.
Looking on the spectrum analyser:
We do not see the 100kHz signal, that does not pass through the balance mixer.
The 1MHz carrier is 30dB down on the two side frequencies at 0.90 Mhz and 1.1 Mhz.
If the mixer balance was better, the 1Mhz signal could be supressed down into the noise.
JimB