Man… I don’t know what it is about economics, but it really gets me PUMPED! Let me know what you guys think about this…
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Man… I don’t know what it is about economics, but it really gets me PUMPED! Let me know what you guys think about this…
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{ 25 comments… read them below or add one }
now please explain the formulas for finding the demand and supply curves
now please explain the formulas for finding demand and supply curves
Excellent video. I’m currently studying in advance for my Economics A-Level and this was extremely helpful. Forgive me if I sound naive in anyway, but do these graphs all have an algebraic formula? For example: 2P = $50 or something.
I love uuuuuu.Lol,ur so good
all kidding aside, you did a good job explaining a surplus and a shortage. thank you
@analyzeee @analyzeee because in law of supply shows a direct relationship, as price rises, the quantity supplied rises; as price falls , the quantity supplied falls..
@analyzeee @analyzeee because in law of supply shows a direct relationship, as price rises, the quantity supplied rises; as price falls , the quantity supplied falls..
thanks this was very helpful
Great work MTK..thanks a lot..i havent studied economics before and i am going to do it for first time in the next semester(I am an enginnering student and we have to study basic economics)..Anyways thanks a lot..:)
Now please explain elasticity!!
Crystal Clear! Amazing!
@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
@miltownkid I’m a bit confused too because in my mind if the item is something low priced like a pencil, in order to make money you would want to sell a large quantity of pencils, so it would seem to me that the quantity would go up. Are we talking quanity such as the quantity of the products produced or the quantity of the people who want to produce that particular product?
I would like such a government
thanx you are kind
what….what this is tellin u is……what this is telling you is. lol nice one man funny and informative
Great explanation.
Economics is killing me, my worst subject, your vids have helped explain topics and answer some of my questions, thanks! More vids would be appreciated as well.
This is good man make more pls iam dieing in economics atm
Loved the video as it has given me a better understanding of supply and demand. I didnt like the guy who was recording it though as he kinda put me off when i was taking in what you were saying. Also what happens when the price goes up…is there anyway you can explain that a bit more for me….love ya…Theresa
man please do more economics videos such as profit max. etc. by the way can u make the topic about what u tell us.like economics 1.1 demand….(in an order)
thanks again
Please make more video’s..explain about pice elastiscity??
Hey Grade 9 class it s joel
YES JOEL bISHOP
damn! I LUV how pumped you are