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Concept of Demand, Supply & Price
 
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This video describes the relationship between demand, supply, and price. The reason behind the slopes of the curve.
Views: 37589 ECONOMICS PATHSHALA
Demand and Supply Explained- Econ 2.1
 
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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 demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Unit playlists https://www.youtube.com/watch?v=HQkVO2PsxFw Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 1686797 Jacob Clifford
#12, Income and demand, price of related goods and demand(Micro economics-Class 11 and 12)
 
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Theory of demand Income and demand relationship... Price of related goods and demand.... Contact for book 7690041256 Economics on your tips video 12 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 link for the previous video (video 11) demand theory https://www.youtube.com/watch?v=ZsOA1JyaH4s&t=25s link for the next video(video 13) Class 12 microeconomics(linear demand functin,sloping of demand curve)economics on your tips video13 - YouTube https://www.youtube.com/watch?v=GGpImBX5R-w&t=22s
Views: 278468 Economics on your tips
The Demand Curve
 
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Transcript: In the demand curve, we are trying to find out what’s the relationship between price and the quantity that is demanded. Let’s make it really simple by keeping everything else constant. That means ceteris paribus, given everything else constant. Let’s freeze them! Wow, only price and quantity left. With these 2 variables, we can draw 2 axes. The convention is to put the price on the vertical axis and quantity on the horizontal axis. Remember, as consumers, we want to stretch our dollar. At $2, eww, apples are expensive, we’ll only get 1 apple. (pause) But at $1, woah, apples are cheaper now, we’ll get 3 apples. Then we connect the dots. Tada, the demand curve! Note-- it’s downward sloping. When price increases, quantity demanded decreases. When price decreases, quantity increases. The arrows are always in opposite directions. This is the law of demand: there’s an inverse relationship between price and quantity demanded, ceteris paribus, given everything else constant. Why? First, it’s because of substitution effect. When apples get more expensive, we substitute apples with something else, like oranges. So we buy fewer apples. There’s also the income effect. Given the same income, when apples get more expensive, our purchasing power erodes. We feel our wallets shrinking. Remember the summary from the previous video? Why did I state quantity demanded here and demand here? What’s the difference? If you like this video, remember to like and subscribe. Next up: Change in quantity demanded vs change in demand _____________________________________________________ Why is the demand curve downward sloping? Because there's an inverse relationship between price and quantity demanded. Why is there an inverse relationship between price and quantity demanded? Why does price and quantity demanded change in opposite directions? Why price increases, why does quantity demanded decrease? Well, it's because of the substitution effect and income effect. When the price of apple increases, for example, we tend to substitute apples with some other similar goods like oranges. In addition, when price increases, our purchasing power drops. With the same amount of money, we can now buy fewer goods. So our real income decreases and we purchase fewer goods. This is called the income effect. The law of demand states that there is an inverse relationship between price and quantity demanded. The higher the price, the fewer the number of people willing and able to buy a good. Hence, the demand curve slopes downwards. The gradient of the curve is negative.
Views: 16226 Economics Mafia
Demand Price Relationship in Economics
 
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Knowledge Varsity (www.KnowledgeVarsity.com) is sharing this video with the audience.
Views: 1020 KnowledgeVarsity
Supply and Demand
 
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http://economicsdetective.com/ If you've only heard of one economics concept, it's probably supply and demand. Eventually we'll want to derive this concept from basic assumptions about utility and cost functions, but for now I'll just go through the 2-minute version. Let's start with supply. A supply curve is a relationship between the price of a certain good, and the amount of that good producers make. Let's say they're producing umbrellas. Supply curves typically slope upwards, since a higher price means producers can earn more from each item they sell, so it's worth it for them to produce more of that item. Now, on to demand. A demand curve is a relationship between the price of a certain good, and the amount of that good buyers want to buy. Although there are exceptions, most demand curves slope downwards. Intuitively, you'll buy more of something if it's cheaper. If we graph our supply curve and our demand curve together, we get this cool little X. The price at which supply and demand cross is the market-clearing price. If the price is at the market-clearing level, producers produce exactly as many umbrellas as as buyers want to buy, so every umbrella is sold, and everyone who wants to buy an umbrella can do so. What if the price of umbrellas is higher than the market-clearing price? Then producers make more umbrellas than buyers are willing to buy at that price, and we have a surplus. Similarly, if the price of umbrellas is set below the market-clearing price, buyers want to buy lots of umbrellas, but producers aren't so eager to produce that many, so there is a shortage of umbrellas. It's important to realize that the words "surplus" and "shortage" always refer to price-phenomena. 1000 umbrellas could constitute a surplus if the price of an umbrella is $100, or it could constitute a shortage if the price of an umbrella is $1. Where would we expect to see prices in our supply and demand model? The answer depends on many things. It depends on whether there is one producer or many, on whether there is one buyer or many, on what the laws are, and on how quickly the market can react to a sudden rain storm.
Views: 104908 The Economics Detective
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1611483 CrashCourse
Relationship between Demand and Supply | मांग और आपूर्ति के बीच का संबंध
 
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Hi dear friends, I just uploaded this video for the explanation about description of Supply and Demand Relationship. Relationship Between Demand and Supply. Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much goods or services are supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
Views: 742 Rachna Study Studio
Linear Demand Equations  - part 1(NEW 2016)
 
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This is an update to the 2012 version of the lesson introducing how to determine an equation for demand using price and quantity data from a demand schedule or a demand curve. In parts 2 and 3 of this lesson we'll examine how changes in price and the non-price determinants of demand will lead to movements along a demand curve or a change in the 'a' and 'b' variables and a shift in demand. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 77893 Jason Welker
Supply and Demand (and Equilibrium Price & Quanitity) - Intro to Microeconomics
 
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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 supply curve graph - and figure out why they look like they do. We find equilibrium quantity and equilibrium price. This video targets a student in an introduction to microeconomics class. •Video 1: Intro to Supply & Demand: http://youtu.be/op70yS_7du8 •Video 2: Shifts to Supply or Demand Cruves: http://youtu.be/es_g3L1kmR8 •Video 3: Shifts in BOTH Supply and Demand: http://youtu.be/EiYbrhFwErI More Intro to Microeconomics Videos: https://sites.google.com/site/curtiskephart/ta/krugman-wells-microeconomics-solutions ------------------------------------------------------ Video Outline: A "market" with price and quantity. Demand Curve 2:00 • The law of demand. • Increases and Decreases in Demand. 5:30 • Another Video on the topic: Supply curve. • The law of supply 9:30 • Increases and decreases in Supply. 11:44 • Another video on this topic Demand and Supply together. 15:50 • Equilibrium price and quantity supplied and demanded. 16:20 • Forces that tend toward equilibrium. Shortage, 18:15. Surplus 21:20
Views: 332052 economicurtis
Factors Affecting Demand.
 
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Transcript: Let’s imagine we are all consumers. What makes us want to buy more apples or fewer apples? Prices. At $2, we’ll say, nah, it’s too expensive. Let’s just get 1. But if the price drops to $1, we’ll say, cool, let’s get 3 apples now. Tastes and preferences. Hey, I saw an advert today. Apples are good for health. All of a sudden, I want to buy more apples. When tastes shift towards apples, demand for apples increases. Price of complements. We say goods are complements of each other when they are normally bought together. For example, printer and ink cartridges. Or bread and jam. If bread gets cheaper, what happens to our demand for jam? Well, bread gets cheaper, we buy more bread, so we’ll buy more jam. Price of substitutes. Substitutes are goods that are bought for the same purpose. For instance, Pepsi and Coke are substitutes. When price of Pepsi drops, we’ll start to think, hey, let’s buy fewer cans of Coke and switch to Pepsi. They are the same thing anyway. So when price of Pepsi drops, demand for coke decreases. Income. You know, we all have this lust for material stuff? And we think that when we make more money, we are going to buy more of this and this and that? These type of goods are called normal goods. When our income increases, we want to get more normal goods like cars. There’s another category of goods called inferior goods. For example, food from roadside stalls. Perhaps your income increases and think, this food is inferior! You have more money, you want to eat in a restaurant now. When our income increases, we demand fewer inferior goods. Expectation of prices. “There’s a drought going on in Thailand. Shortage of rice in the near future is expected”. Crap, no rice? Man, I think price of rice is going to increase. Better go buy and stock up some rice now. So if we think future prices of rice will increase, our demand for rice today increases. Population. When the number of people on an island increases, the demand for houses increases. When population increases, demand for something will increase. So this is the summary. But hey, there are so many factors affecting demand. I’m getting confused. How do I graph the demand curve? If you like this video, remember to like and subscribe. Next up: The demand curve. _____________________________________________________
Views: 42009 Economics Mafia
Change in demand vs. change in quantity demanded
 
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This movie explains the difference between a change in demand and a change in quantity demanded. The trick here is to remember that demand represents the relationship between price and quantity while quantity demanded is a single number that the consumers wish to purchase. Sometimes a question will ask what the change in quantity demanded is (which is a number) or what will happen to change demand (which requires a change in one of the determinants). More info can be found at http://www.freeeconhelp.com/2011/08/common-mistake-differentiating-between.html.
Views: 56551 Free Econ Help
Are you aware of the relationship between demand and supply
 
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Read full article here: http://blog.elearnmarkets.com/relationship-between-demand-and-supply/ Demand, supply, consumption pattern and the price level are all inter-related to each other. The problem here lies in the fact that it is able to quantity the demand at any given price level. Let us understand this factor as well as understand the relationship between the demand and supply pattern.
Views: 353 Elearnmarkets.com
Market equilibrium | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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Equilibrium price and quantity for supply and demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/changes-in-market-equilibrium?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/long-term-supply-curve-1?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 838843 Khan Academy
How Substitutes and Complements Affect Demand
 
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This video shows how changes in the price of a related good (a substitute or complement) can affect demand for a good. Decreases in the price of a substitute decrease demand for a good, while increases in the price of a substitute increase demand for a good. Conversely, decreases in the price of a complement increase demand for a good, while increases in the price of a complement decrease demand for a good. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 26459 Edspira
Relationship between price elasticity of demand and Total expenditure class Xll Economics
 
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Video no 24.In this video I am explaining the topic of Relationship between price elasticity of demand and Total expenditure Plz like and share the video Subscribe my channel to watch more videos of class Xll Economics Link to previous video -https://youtu.be/KGTnKL2Axio
Elasticity and the Total Revenue Test- Micro 2.9
 
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Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching. Please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1191450 Jacob Clifford
Law of demand | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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Example of the law of demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/price-of-related-products-and-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/economics-introduction/v/introduction-to-economics?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 1248091 Khan Academy
Relationship Between Total Revenue, Average Revenue, Marginal Revenue & Elasticity Of Demand
 
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What is 'Demand Elasticity' Demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables, such as the prices and consumer income. Demand elasticity is calculated by taking the percent change in quantity of a good demanded and dividing it by a percent change in another economic variable. A higher demand elasticity for a particular economic variable means that consumers are more responsive to changes in this variable, such as price or income Revenue Revenue is the income a firm retains from selling its products once it has paid indirect tax, such as VAT. Revenue provides the income which a firm needs to enable it to cover its costs of production, and from which it can derive a profit. Profit can be distributed to the owners, or shareholders, or retained in the business to purchase new capital assets or upgrade the firm’s technology. Revenue is measured in three ways: Total revenue Total revenue (TR), is the total flow of income to a firm from selling a given quantity of output at a given price, less tax going to the government. The value of TR is found by multiplying price of the product by the quantity sold. Average revenue Average revenue (AR), is revenue per unit, and is found by dividing TR by the quantity sold, Q. AR is equivalent to the price of the product, where P x Q/Q = P, hence AR is also price. Marginal revenue Marginal revenue (MR) is the revenue generated from selling one extra unit of a good or service. It can be found by finding the change in TR following an increase in output of one unit. MR can be both positive and negative Revenue curves Total revenue Initially, as output increases total revenue (TR) also increases, but at a decreasing rate. It eventually reaches a maximum and then decreases with further output. Less competition in a given market is likely to lead to higher prices and the possibility of higher super-normal profits. Average revenue However, as output increases the average revenue (AR) curve slopes downwards. The AR curve is also the firm’s demand curve. Marginal revenue The marginal revenue (MR) curve also slopes downwards, but at twice the rate of AR. This means that when MR is 0, TR will be at its maximum. Increases in output beyond the point where MR = 0 will lead to a negative MR.
Views: 6284 Know Economics
The FoW - 8of10 - Supply, Demand and Price i. Price and the Consumer (The Foundations of Wealth)
 
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The Foundations of Wealth presents economic principles through combining documentary film material and high quality animation as we follow two people, cartoon characters, and the community they live in, through a series of economic changes and developments, that illustrate the foundations of basic economic principles and mechanisms, which are then presented at work in the real world today.
Views: 21904 FoundationsOfWealth
Elasticity of Demand & Marginal Revenue
 
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In this video, we look at the relationships between the price elasticity of demand, marginal revenue, and total revenue. We will use a profit-maximizing monopolist for reference.
Change in Demand vs Change in Quantity Demanded- Key Concept
 
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A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.
Views: 149931 Jacob Clifford
What happens to equilibrium price if both supply and demand increase
 
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This video shows the potential outcomes for equilibrium price, if both the supply and demand curves shift right. The answer is unknown without knowing the magnitudes of the shifts, and this is explained. We explain what happens to cause the changes in both supply and demand and then demonstrate the resulting effect that these changes have on the price. We can see from the video that there is definite direction that price must move but that is not the end of the story. We also have to take into account the magnitude of the changes to both supply and demand. Once we know the magnitude of the changes we can figure out the new equilibrium price and whether this equilibrium price will be higher or lower than the original market price. We can also then explore the equilibrium quantity to see how it compares to the original market quantity found in the beginning of the problem. More info is available at http://www.freeeconhelp.com/2011/08/what-happens-to-price-if-both-demand.html
Views: 36628 Free Econ Help
Money supply and demand impacting interest rates | Macroeconomics | Khan Academy
 
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Examples showing how various factors can affect interest rates Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/MPC-tutorial/v/mpc-and-multiplier?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic/interest-price-of-money-tutorial/v/interest-as-rent-for-money?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 250728 Khan Academy
Money: The Relationship Between Supply, Demand and Prices (Part 4 Of 4)
 
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Have you ever looked and a price tag and wondered how are these prices determined? Well here’s your answer. Random Walk ED is our attempt to equip everyone with essential knowledge on finance.Our goal is to educate most people on finance to the point where they might not need any professional advice. Random Walk Ed is created by Random Walk Investment and Financial Services. You could contact us if you need assistance with your finances or are looking to make investments. You can contact us at Website: http://www.rwifs.in/ Email: randomwalk.services@outlook.com Facebook: http://www.facebook.com/rwifs/ Twitter: http://twitter.com/RandomWalkED Support Random Walk ED on Patreon: http://www.patreon.com/randomwalked Carefree Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 152 Random Walk ED
supply demand in equilibrium
 
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How markets resolve surpluses and shortages through price changes (slides along the demand and supply curves). See more videos and economics learning resources at www.dirkmateer.com!
Views: 196393 dmateer
Shifting Demand and Supply- Econ 2.3
 
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In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the playlist so make sure that you know how to draw and shift demand and supply before you watching this video. Please leave a comment and subscribe. Demand Video https://www.youtube.com/watch?v=LwLh6ax0zTE Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 768740 Jacob Clifford
Price of related products and demand | Microeconomics | Khan Academy
 
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How changes in the price of related goods can shift demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/change-in-expected-future-prices-and-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/law-of-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 615179 Khan Academy
RELATIONSHIP BETWEEN TOTAL EXPENDITURE AND PRICE ELASTICITY OF DEMAND | ECONOMICS VIDEOS | GEI
 
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RELATIONSHIP BETWEEN TOTAL EXPENDITURE AND PRICE ELASTICITY OF DEMAND | मांग की कीमत लोच और व्यय विधि लोच में सम्बन्ध | ECONOMICS VIDEOS | GEI #RelationshipBetweenTotalExpenditureAndPriceElasticityOfDemand #RelationshipBetweenPriceElasticityOfDemandAndTotalExpenditure #RelationshipBetweenPriceElasticityOfDemandAndTotalExpenditureInHindi #Class12Microeconomics #TotalExpenditureMethodOfCalculatingElasticityOfDemand #OutlayMethod #Elasticity #Economics #Class12Economics #Demand #EconomicsForSscCgl #EconomicsForUpsc #NiosEconomics If you like this video and wish to support this EDUCATION channel, please contribute via, * Paytm a/c : 9051378712 * Paypal a/c : www.paypal.me/RaghunathJaiswal [Every contribution is helpful] Thanks & All the Best!!! WE NEED YOUR SUPPORT TO GROW UP..SO HELP US!! Hope you guys like this one. If you do, please hit Like!!! Please Share it with your friends! Thank You! Please SUBSCRIBE for more videos. https://www.youtube.com/channel/UCFzUEzxnRDsbWIA5rnappwQ?sub_confirmation=1 Watch our other videos: NEED FOR PLANNING AND STRATEGY FOR PLANNING - https://youtu.be/PwKIV6HyQoI JUSTIFICATION OF THE STRATEGY OF INDUSTRIALIZATION - https://youtu.be/sD9v0OL7woM NEW ECONOMIC POLICY LIBERIZATION,PRIVATIZATION AND GLOBALIZATION - https://youtu.be/tQP07jIxlZw ACHIEVEMENTS OF ECONOMIC PLANNING - https://youtu.be/SmdIePBGWPI DRAWBACKS OF PLANNING AND FAILURE OF PLANNING - https://youtu.be/DnddulG1ej4 CENTRAL PROBLEMS OF AN ECONOMY part 1 - https://youtu.be/DkBKKt3DT0A CENTRAL PROBLEMS OF AN ECONOMY part 2 - https://youtu.be/TSLB8rQUqHo CENTRAL PROBLEMS OF AN ECONOMY part 3 - https://youtu.be/qVP-EZudfMs WHY DO ECONOMIC PROBLEM ARISE - https://youtu.be/P3WUS9XS3l4 Follow us - https://www.facebook.com/raghunathjaiswal Do watch our other channels too- GyankakshTv - https://www.youtube.com/channel/UCetNwLf7pJVvjGE1rTrCCiA Born Hungry - https://www.youtube.com/channel/UCc6H0LA6vLzD-uIWsmiaFXw Artistree World - https://www.youtube.com/channel/UCD1_UOPlJ_RzrcwaOJJB3pw Music - www.bensound.com Buy Breakup it's not an end... (A Romance Fiction Book) Click here - http://www.infibeam.com/Books/breakup-its-not-end-raghunath-jaiswal/9789383562367.html
Law of Demand | Demand Schedule | Demand Curve
 
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Managerial Economics; Management; Law of Demand | Demand Schedule | Demand Curve; Introduction 00:00:00- 00:02:25 *What is Demand? *The three attributes of demand - Desire to buy a product - Willingness to pay - Ability to pay *What are the essential factors of a meaningful demand statement from an organizational point of view? Law of Demand 00:02:26- 00:13:59 *What is the law of demand? *The inverse relationship between the current price of the commodity and its demand *What is ceteris paribus assumption? *Assumptions of the law of demand - Constant income level - Tastes and preferences of the consumer remain constant - Prices of related goods should not change Two types of related goods i) Substitute goods- There is positive relationship between two substitutes goods (price and quantity demanded) ii) Complementary goods- There is negative relationship between two complementary goods (price and quantity demanded) - No new substitutes - Price rise in future not expected - No change in advertising expenditure Demand Schedule 00:14:00- 00:16:59 *What is a demand schedule? Demand Curve 00:17:00- 00:20:31 *What is a demand curve? *How to draw a demand curve with a demand schedule? *Features of a demand curve Factors behind the Law of Demand 00:20:32- 00:26:59 *What is Substitution effect? *The relationship between substitution effect and law of demand *What is Income effect? *What is the ‘real income’ of a consumer? * How does 'real income' influence quantity demanded? *What is the utility-maximizing behavior of the consumer? Exceptions to the Law of Demand 00:27:00- 00:33:27 *The conditions under which the law of demand does not work - Expectations of price rise in the future - Status goods - Giffen goods Video by Edupedia World (www.edupediaworld.com), Free Online Education; Click here https://www..com/playlist?list=PLJumA3phskPFwp2XXInxCWpv28nPMimDU for more videos on Managerial Economics; All Rights Reserved.
Views: 8355 Edupedia World
Relationship between bond prices and interest rates | Finance & Capital Markets | Khan Academy
 
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Why bond prices move inversely to changes in interest rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/bonds-tutorial/v/treasury-bond-prices-and-yields?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/bonds-tutorial/v/introduction-to-the-yield-curve?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Both corporations and governments can borrow money by selling bonds. This tutorial explains how this works and how bond prices relate to interest rates. In general, understanding this not only helps you with your own investing, but gives you a lens on the entire global economy. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 529212 Khan Academy
Elasticity of Demand and Marginal Revenue
 
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Course web page: http://web2.slc.qc.ca/pcamire/
Views: 14087 slcmath@pc
How supply and demand affect agricultural prices?
 
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This video is a training material on agricultural value chains to improve relationship between stakeholders and to secure producers' incomes. This animation describes how supply and demand of crops affect their prices. It also talks about real time factors from the farmer to the consumer that are constantly modifying the value chain. + Learn more about our training materials designed to strengthen value chains and agrifood in ACP countries: http://rongead.org/Educational-tools-on-Agicultural-Value-Chains.html + With the support of CTA http://www.cta.int + Video made by Scientific Animation Without Borders - SAWBO, University of Illinois - USA: http://sawbo-illinois4.org/ Cette animation explique comment l'offre et la demande affectent les prix sur le marché des produits agricoles. On parle aussi de facteurs en temps réel qui modifient la chaîne de valeur de l'agriculteur au consommateur.
Views: 7732 Rongead Ong
Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
 
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Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/aggregate-supply-demand-tut/v/shifts-in-aggregate-demand?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/inflation-topic/phillips-curve-tutorial/v/phillips-curve?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 817673 Khan Academy
Elasticity Along The Demand Curve
 
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Elasticity Along The Demand Curve. A video covering why elasticity varies along a linear demand curve. Instagram: @econplusdal Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 26499 EconplusDal
Elasticity of Demand (Hindi)
 
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Full explanation of Price Elasticity of Demand
Views: 175655 Infotainment Arena
The Total Revenue Test of Price Elasticity of Demand ( part 1)
 
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By looking at how a change in price affects the total revenues of producers in a market (whether TR increases or decreases) we can draw some quick and accurate conclusions about whether demand for a good is elastic, inelastic or unit elastic between two prices. We'll also learn that even along a straight-line demand curve there is a RANGE of elasticities of demand for every good. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 10882 Jason Welker
Marginal Revenue, Average Cost, Profit, Price & Demand Function - Calculus
 
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This calculus video tutorial explains the concept behind marginal revenue, marginal cost, marginal profit, average cost function, price and demand functions. It shows you how to find the production level to minimize the average cost as well as how to find the minimum average cost so as to maximize the profit of a company. This video contains plenty of examples and practice problems. Here is a list of topics: 1. Cost Function - The price to a produce a number of items 2. Average Cost - The average price to produce a single unit 3. Production Level - The number of units or x 4. Marginal Cost - Derivative of the Cost Function 5. Marginal Cost represents the increase in total cost to produce one extra item 6. Minimizing Average Cost Function - Finding The Production Level and the Minimum Average Cost 7. Price Function or Demand Function - The selling price of an item as a function of x 8. Supply vs Demand - Inverse Relationship - Business & Economics 9. Business Calculus - Revenue = Price Function x Number of Units (x) 10. Marginal Revenue, Marginal Cost, and Marginal Profit 11. Maximizing Profit - Finding the maximum value using the derivative function
Elasticity of Demand - Total  Expenditure Method
 
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I have already uploaded videos on Kinds of Elasticity and Percentage Method of measuring Elasticity. For more videos on Economics and Statistics, visit my BLOG http://economics-nallasivam.blogspot.in Send your feed back to - logasivam@gmail.com
Calculus Proof of Marginal Revenue and Price Elasticity of  Demand
 
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Tutorial shows the calculus proof and relationship between Marginal Revenue and Price Elasticity of Demand. Like us on: http://www.facebook.com/PartyMoreStudyLess
Views: 22865 Economicsfun
#16,class 12 (microeconomics:Relation between price of related goods and demand, & income and demand
 
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This video specifies Relation between income and demand Relation between price of related goods and demand Relation between change in income and demand Effect of change in taste and prefrences on demand curve etc.. For any query call-767869405 my previous video link https://youtu.be/VCcgQA6pBBs Must watch videos.. because in these videos not only concept is explained but all type of practical questions is also discussed 1-Company accounts for class 12th https://www.youtube.com/playlist?list=PLhpvDcY-ThELaSMnRFEXQzj9O0ccPrzF2 2- Microeconomics full concepts, chapters & practical questions (Class 12) https://www.youtube.com/playlist?list=PLhpvDcY-ThEIalv7gsK1S8EILRf-VsV3g 3- An introduction to micro economics (chapter 1 for class 12) https://www.youtube.com/playlist?list=PLhpvDcY-ThEIiQ3mO0Thmu-7L4CFHJaEx 4- consumer behaviour and utility analysis (chapter 2 for class 12) https://www.youtube.com/playlist?list=PLhpvDcY-ThEIalv7gsK1S8EILRf-VsV3g 5- Theory of Demand https://www.youtube.com/playlist?list=PLhpvDcY-ThEJuIPeNp_KCTpjAFS7C2_mK 6- Elasticity of Demand https://www.youtube.com/playlist?list=PLhpvDcY-ThEKXnj60ZgqHAi34-CjgRQli 7- Theory of supply & elasticity of supply https://www.youtube.com/playlist?list=PLhpvDcY-ThELbBy6BDYZrFEd2iU1xd_uC -~-~~-~~~-~~-~- First time in the history of youtube Please watch: "#65,economics:Microeconomics full course(all chapters) in one single video" https://www.youtube.com/watch?v=xdjw_-9FaGs -~-~~-~~~-~~-~-
Shifting The Supply and Demand Curve
 
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This lesson covers shifts in the supply and demand curve. When the demand curve shifts it is important to pay attention to the relationship between price and quantity supplied. When the supply curve shifts it is important to pay attention to the relationship between price and quantity demanded.
Views: 624 Chris Thomas