Kevin Hua on Nostr: For anyone to be a seller, it is necessary that his valuation (reserve demand) be ...

For anyone to be a seller, it is necessary that his valuation (reserve demand) be lower than any buyer (use demand). Otherwise he would not be a seller at all. Therefore the formation of price does not lie between sellers and buyers, but rather lies in between the least eager buyer and most eager potential buyer(the one being excluded), in other words, it lies in between the marginal buyers.