How the price of inputs, price of related goods, number of suppliers technology, and expected future prices affects the supply curve Watch the next lesson: ...
Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of ...
A quick and comprehensive intro to Supply and Demand. We define the demand curve, supply curve and equilibrium price & quantity. We draw a demand and ...
In this video, learn about calculating the price elasticity of demand using the midpoint method (also called the arc elasticity method). Watch the next lesson: ...
In this video we will explain what the economy is, what role it plays in life, how to use ekoknomical skills in life. See our channel, and each you will find out all the ...
Economists use the concept of price elasticity of demand to describe how the quantity demanded changes in response to a price change. In this video, explore a ...
Previously we looked at what happens to the equilibrium price and quantity in a market if supply or demand changed. In this video, we explore what happens ...
In this video, learn about how the model of the foreign exchange market is used to represent the determination of exchange rates. AP(R) Macroeconomics on ...