The price and quantity on the CDS market are determined by the demand schedule
for and the supply schedule of protection, the intersection of the curves indicating an equilibrium price and quantity.
Money's purchasing power, its "price," (4) is determined by the intersection of the demand schedule
for money with the stock.
It is straightforward to connect the behavior of a product price-taker (ppt), a firm that is assumed powerless to affect the market-determined product price, and a resource price-taker (rpt), a firm that is assumed powerless to affect the market-determined resource price, or wage; whereas the former faces a horizontal product demand schedule
, the latter confronts a horizontal resource (labor) supply schedule, both suggesting the absence of price-making ability.
If games are produced under conditions of constant cost and the demand schedule
for games is a straight line over the relevant range, the size of the loss catches up with the size of the surplus when the city is forced to host 2[Q.sub.m] games.
Students will participate in an activity that demonstrates the concepts of demand, demand schedule
, demand curve, and the law of demand.
One estimate of the consumption the consumer would forego - to get this potential maximum gain from holding cash - is the area under the money demand schedule
between the quantity of cash held at the lowest possible rate of interest (perhaps zero) and the smaller quantity that would be held at a higher interest rate.
We persuaded our client that a clear understanding of shop capacity would enable him to efficiently schedule personnel, optimize scarce resources (machining centers, personnel, etc), smooth the peaks and valleys of an irregular demand schedule
, and enable him to plan and control his business.
A bid is a demand schedule
that specifies the dollar amount of the security the bidder is willing to buy at each yield.
As the right panel shows, the price of a Treasury security must satisfy the ultimate holders of securities (pension funds, insurance companies, mutual funds, and the general investing public), seen as the intersection of their downwardly sloped demand schedule
with the vertical Treasury supply schedule.
In other words, the demand schedule
is static and the corresponding equilibrium real price and the monopolistic optimum rotation lengths are constant over time.