ECONOMIC SUPPLY & DEMAND

14 D-4388Figure 5 shows the simple demand curve used in the demand price schedulegraphical function. This curve is somewhat different from the curve shown in Figure 1.Because STELLA and system dynamics standard practice require the input to a graphicalfunction to be on the horizontal axis, it was necessary to reverse the axes. In the curveshown in Figure 5, price is on the horizontal axis instead of the vertical. As discussedearlier, the curve shows that consumers are willing to buy more if the price is lower.Figure 5: Demand Price ScheduleThis curve is a simple demand curve from classical economics with the axes reversed.