Demand and Supply Explained- Econ 2.1
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Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji 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 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
Comments
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i love his way to teaching.....
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You make it look so easy
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Belt is cool aF AC/DC
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This was great.
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Mr. Clifford,
Great job on the video. One quick question: How can we determine if there's an actual shift of the D curve or just a movement along it with respect to substitutes? I get the complements shifting easily enough, but I'm having a hard time distinguishing why the D curve would shift vs when there would just be a movement along the curve with respect to substitutes. Thanks. -
thanks you sir
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almond milk wont do that to your belly
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I learned so much about milk and almond milk to. And also I learned about Cheerios.
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Your awsome.
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u r so funny and make us enjoy the studying content ... greetings from Egypt :)
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You're so great, I don't even open the book when studying for exams, I just watch your videos and I end up acing all my econ tests! :)
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I'm taking macro and in april ill be taking the AP exam i had nooo hope to pass it lol this video explains things in simpler reasoning thank you!
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im doing my extended essay right now. and i have encountered a problem, since my fathers firm developed a new product, and was advertised hereafter. because of this. the demand rose even with a huge increase in price. it is neither an inferior good nor a snob effect product. it was just more known so demand rose. Can i make a profit maximising graph from this (AR, MR, MC, AC) form this? thanks in advance.
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Hey Professor Clifford Thank you for your help! you do a great job at simplifying these basic econ concepts so that they are easy to understand in a non confusing way, I am very grateful for your help. i just purchased your packet and it has been helping me alot. i told my instructor about your youtube videos, i am a student at Portland State University and my professor told the class about your videos so that more people can get to know about the great work you are doing.
Thanks! -
what is the name of this teacher?
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I don't like you
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im supposed to watch other economic videos he has shared. but i keep watching the same just for fun. :D
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awesome video, very helpful i actually get it now
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great video but too much drinking of milk and talk a little bit slower please thanks...
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good video yet extremely fast talking- i couldn't keep up or take notes fast enough...
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