----------------- HES POSTING ----------------- Surely, the origin of supply and demand curves has to be somewhere in medieval heraldry -- some kind of graphic representation of crossed swords that would be the counterpart to the knight's extension of the right hand in peace as the ritual source of the commercial handshake. To admit as much, though, might call too much attention to the unresovable ambiguity of price. If price was unambiguous, all the supplementary paraphenalia like handshakes, contracts and receipts would be superfluous. Inherent in any market exchange -- IN ADDITION TO supply and demand -- is the potential for misrepresentation, deception, fraud, treachery. Thus the "supplement" is indispensable, and as a consequence the intersection of the supply and demand curves CANNOT represent price because the curves themselves don't include that supplement. Tom Walker TimeWork Web ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]