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To: Wildstar who wrote (182)	4/3/2003 4:50:18 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 445

Wildstar, You state that subjective demand can be compared between individuals. I agree that I said something that could be so interpreted, but it's not true. The point that I was apparently trying to make was that everyone who has both an unboarded window and available cash will, for any given price of plywood, subjectively rank the two states of a) buying the plywood and b) keeping the cash that would be needed to buy it. As the market price of plywood increases, more and more people will change their ranking preference to holding the cash. At some price point, the market for plywood will reach a point at which no further buyers are willing to pay the lowest price that any potential seller is asking. Regards, Don