The short-run equilibrium price, the price that clears the market, is the price at which the demand curve and the short-run supply curve intersect. |
A demand curve for the stock can then be generated by ordering the market participants in terms of the maximum they would be prepared to pay for that stock. |
By joining the points of intersection between price and amount of X consumed at that price, we trace out a demand curve. |
However, the demand curve for these technologies, at least for the next several years, is headed upwards and at times has been nearly vertical. |
The demand curve for all these services is also a moving target. |
I analyze this possibility by postulating that there is another demand curve that I call the latent demand curve. |