Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Okay, so I have only a rudimentary understanding of economics, but I was under the impression that if you have a supply curve and a demand curve at a given point in time, you can combine them to find the market price. But in this case, I see something different: a supply curve (of a different sort, with time as the independent variable) and a demand curve (ditto), with no mention of price.

These apparently are the result of a calculation or model where the underlying supply versus price and demand versus cost curves have been overlaid to find the market price, repeated over multiple years. Then, the market price was applied to the demand curve and to the supply curve for that year to find the actual demand and supply as shown on these graphs of supply vs. time and demand vs. time.


If so, where is that price curve?

by asdf on Thu Nov 11th, 2010 at 10:01:39 AM EST

Others have rated this comment as follows:


Top Diaries

Occasional Series