RE:RE:RE:Bring it onAssumably this is the way it does in fact go:
"Put in some bids" = increase in quantity demanded at old market clearing price
"and up she goes". - price curve moves upwards to new higher equilibrium point
I believe that is what we call basic microeconomics. But note my use of language - "quantity demanded" and not "demand" per se. Supply and demand are potentialities that never change. The quantities demanded are the things that change with price. Just sayin' ,...