Micro Unit 2 Summary- Supply, Demand, and Consumer Choice
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Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility (26:15). Be sure to subscribe and get the ultimate review packet. Thanks for watching. Get the packet and support ACDCEcon 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
Comments
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Play this video in half-speed and listen to him talk, you won't regret it. Very funny LOL
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Mr. Clifford, I am doing the Unit Two questions in the URP and had an issue with the excise tax problem. When I did the TR test for price elasticity of demand, the price was elastic. However, the consumers and producers share the burden of the excise tax equally. How is this possible?
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I think one of the reasons this is very helpful is because of how fast paced it is. It gives me a vibe of energy and i think it puts me in the mindset that I already know what I'm doing...
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how to use thumb up.. pinky up in understanding economic?
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Understood Econ.....
But more importantly I am still unable to do the thing with my pinky and thumb. -
mr.clifford! your awesome man! you should consider finding other teachers to add on the ACDC leadership channel with other subjects teaching with the similar style
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Exam tomorrow, love watching these summaries 👍
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fantastico
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THANK YOU SO MUCH
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This video too hype trust me
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this is really helpful, thank you for making this AWESOME videos
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Thank you for covering so much material so fast! Best review sesh ever, I feel ready for my midterm.
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In 14:25 , total revenue, for the two questions, "what happens to quantity for each when price increases?" wouldn't quantity go up since producers would want to make more? >.< confused?
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thx always helpful
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This is very helpful but slow down I can't focus !
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how can you not like this ? Amazing job but go a bit slower. Have a midterm tomorrow , this video made me confident
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I finally get price elasticity of supply now! TYSM! My teacher LOVESSSS you, she raves about you all the time.
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Thank you so much!! Micro has been so difficult to me and these videos are making me understand it. I have my test Thursday. I've been studying! Hopefully I do well.
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But if the law of supply has a direct (positive) relationship between the price and quantity supplied, then why is it that in the first example (new burger technology), the price goes down and the quantity goes up? I'm a little confused.
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no youtuber brings me more utility than Jacob Clifford
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