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Is "It" Supply or Demand That Drives Value?
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<p>[QUOTE="V. Kurt Bellman, post: 2776530, member: 71723"]But... fixed supply collectibles don't HAVE normal shaped supply and demand curves, DO THEY? Fixed supply collectibles can have a demand curve that bends backwards on itself, thereby creating more than one intersection.</p><p><br /></p><p>It's normally shown in economics as the "luxury goods demand curve", where demand goes up as price increases, the exact opposite of a normal demand curve.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2776530, member: 71723"]But... fixed supply collectibles don't HAVE normal shaped supply and demand curves, DO THEY? Fixed supply collectibles can have a demand curve that bends backwards on itself, thereby creating more than one intersection. It's normally shown in economics as the "luxury goods demand curve", where demand goes up as price increases, the exact opposite of a normal demand curve.[/QUOTE]
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