The four (4) points and pieces of data and information needed is the Greatest Price or Greatest Demand Price, the Least Price or Least Supply Price, the Least Supply or the Least "Demand Supply" and the Greastest Supply or the Greatest "Supply Supply".
The Least Supply Price and Greastest Demand Price is plotted on the graph on the Y-Axies. This becomes the Supply Demand Price Continuum. It is also the Supply Demand Price Range.
The Supply data is plotted on the X-Axies and becomes the Supply Continuum and Supply Range.
A negative sloped line is drawn from the Least Price to the Least Supply. The other negative sloped line is drawn from the Greatest Price to the Greatest Supply. Together these two (2) lines define the upper and lower limits of the Supply Demand "Band" on the graph.
William Charles Simpson 1st Write: Thu, Jan 15, '04 Santa Cruz CA USA
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