Changes in Market Equilibrium

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12 жыл бұрын

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How the equilibrium price or quantity might change due to changes in supply or demand
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Пікірлер: 78

@KoiandDragon 10 жыл бұрын

I just destroyed my economics test today! Thank again Khan! I literally would have failed it if it weren't for you!

@shawdo_yt 8 жыл бұрын

I learnt more from a 9 minutes video than a 3 hour lecture. thanks alot

@ronimakela8457 7 жыл бұрын

wow your econ professor must be horrible

@prachisharma8076 6 жыл бұрын

They all want money! I feel so bad for how rigged the education system is!

@dhruvdust1812 3 жыл бұрын

@@prachisharma8076 True, homeschooling is seriously an option people should consider.

@kabirkumar3003 3 жыл бұрын

i feel bad for your mind

@shammaalali352 2 жыл бұрын

@@prachisharma8076 can someone explain in question one the suppliers will stop selling apples bc it causes diseases then why it shifts to the right?//

@justine8955 10 жыл бұрын

I understood you more than our economics teacher. Thank you very much this helped me a lot and your other video! :D

@rjledesma1287 10 жыл бұрын

your videos explain economic concepts better than my professor. After every lecture on a new topic I consult your videos to help clear out points. Thank you so much for putting this up!

@sunny558 6 жыл бұрын

you deserve the 9K my Uni is getting, I learn more form YOU!

@SatvikGupta 8 жыл бұрын

Wow! Learnt more from a 9 minute video than several lectures at school. Thanks! :)

@jonasbasese3273 4 жыл бұрын

This teaching is helpful; I have now a clear understanding on market equilibrium, supply and demand. Thx

@user-cx5wq9rn6e Жыл бұрын

the way you teach this subject it is sort of an craftmanship

@G4awesome 7 жыл бұрын

That was so helpful and clear. Thankyou so much!

@penguinlau5166 Жыл бұрын

for someone preparing for a level econ this is great thanks :)

@mdlittle5466 12 жыл бұрын

I was particularly interested in the alteration to 'supply' in order to assist in the fluctuation of overall price regarding 'demand'. Especially the part where you don't have to provide as much 'supply' and still be able to generate a greater 'price' via inducing scarcity in the open market by intentionally reducing quantity...not that there was any particular reason to cull the supply except to maintain profit. Notice, if you increase the 'supply'...the 'price' drops regardless of 'demand'...

@sarimzulkifl2050 6 жыл бұрын

Could you make a video on why and how a shift in both supply and demand curves will affect the market equilibrium price.

@techguy3000 12 жыл бұрын

This makes so much sense!

@kolisanglitsoane2143 5 жыл бұрын

Thank you so much. Learned a lot

@boburjonolimov629 2 жыл бұрын

Assalam alaykum Lesson are just great What materials do you advice to practise ( changes of demand/supply)

@mrsigloobby 12 жыл бұрын

this was great! thank you :)

@TamimSPADEZ 8 жыл бұрын

Thanks sal... helped me heaps

@svvetlanalana 6 жыл бұрын

God Khan Academy is the best gift to humanity. What will students all over the world do without Khan Academy ???

@EJDuhay 12 жыл бұрын

You make life so much easier!!

@chokkakulasandeep6857 8 жыл бұрын

IT IS VERY USEFUL FOR MY TOMMOROW XAM.............THANKS

@ImHereBaybee 11 жыл бұрын

I love you thankyou for helping me and other students. KEEP DOING WHAT YOU'RE DOING :)

@RishabhSawant 8 жыл бұрын

Thank you for the video. After watching this im like 'was that all they were going on about for 3 hours in lecture'.

@TFrills 11 жыл бұрын

that makes perfect sense

@Satanic1992 8 жыл бұрын

thanks for this video really helped

@user-iq3jn2eh8h 6 жыл бұрын

Thank you for this lecture

@samsunglg6671 9 жыл бұрын

Great presentation

@vivekmishra4447 7 жыл бұрын

Best explanation of equilibrium

@tmr2456 11 жыл бұрын

Ohhhh now I get it!....the equilibrium price is the market sentiment...supply and demand just lag behind...of course ill jazz up my conclusion for class 2morrow

@Yes-sp2kh 5 жыл бұрын

Learnt more from you. Should I just drop out of private school and watch your videos instead

@kikianton2721 4 жыл бұрын

I love your clear voice

@sayedyamashefa226 3 жыл бұрын

In the second case u cleared, why did the supply curve didn't shift and instead just quantity supplied changed in that the new shifted demand curve changed the equilibrium price?

@pigalisa 8 жыл бұрын

For the first graph about disease why would the supply curve shift to the right. Wouldn't the disease mean that the suppliers can't supply many apples because of this and the curve will shift to the left (i.e quantity supplied decreases). Can someone please explain to me. I have an exam next week.

@saimaaadil1465 2 жыл бұрын

Really good lecture

@mattdathew2794 3 жыл бұрын

So, you indirectly also mean that graph 3 can also have more possibilities in case demand over reacts or under reacts.

@alwihussein5993 5 ай бұрын

Greate work khan

@simranpanchal2289 5 жыл бұрын

In the first sceario, why is the minimum price lower?

@goldensilverstar 12 жыл бұрын

This guy can open a his own school like Academy and it would be awesome were only devoted and talented people come

@vinnichugh7539 3 жыл бұрын

Sir in thr first case , shouldn't the supplier charge more for the same quantity now that they produce disease free apples?

@henrycazaux 12 жыл бұрын

I think that this guy must know a lot of everything we have ever known.

@ahmad00734 9 жыл бұрын

it will help me in my exams

@liamwong-toiknight9947 8 жыл бұрын

+ahmad rox same

@jiavictoria380 7 жыл бұрын

thank you!!!!

@efeersoy9992 2 жыл бұрын

after a sleepless night, when the only thing you remember about this video during the exam: "that was a bad day for apples"

@purplekisses171 9 жыл бұрын

Okay but how do you graph an increase in price and quantity????? How do you show that on a graph?

@derhder3571 7 жыл бұрын

You shift the steepness of the curves. It's called elasticity, where you graph a small change in price leading to a big change in demand or vice versa

@dhannapenecitos5817 9 ай бұрын

still confuse what happens when ex. demand rises therefore what happened to supply? and vice versa

@timfwater 12 жыл бұрын

@S0up3rD0up3r Thanks for the sage insight- it was S0up3rD0up3r.

@alysse1407 8 жыл бұрын

When both supply a

@meanmanturbo 12 жыл бұрын

@S0up3rD0up3r Nah, demand in the economic sense is not how much people want, but how much they are willing to pay for it. And in your example, well, the price of apples would be so ridiculously high that no one would be willing to pay for 6 apples. The problem with for example alternative fuels is that oil is still by far the cheapest and most efficient way of powering vehicles. Oils must become scarcer and even more expensive for alternative fuels to become viable

@hauteswan2541 5 жыл бұрын

Thanks again!

@thatguyvladgames5637 8 жыл бұрын

which is micro and which is macro?

@mdlittle5466 12 жыл бұрын

@ShwangShwing ...unless, of course, you are part of a corporate cartel that's cornered the market on a specific good and/or service - then it doesn't matter. You can continue to inflate the price until the demand drops off, then reduce the price in increment until you establish a stable influx of profit. Competition really doesn't exist anymore...any competition can quickly be run out of business insuring corporate stability. :/

@astayonix 12 жыл бұрын

I wish all of congress would watch these videos. They might then better understand how the market based economy works.

@plastic2666 3 жыл бұрын

Locke's metaphor extended.

@ahmad00734 9 жыл бұрын

plz upload video for perfect elastic demand and increase in suppy , perfect inelastic demand and increase in suppy,perfect elastic supply and increase in demand , perfect inelastic suppy and increase in demand

@mubarizmirzayev35 6 жыл бұрын

Dear Khan Academy instructor, thanks so much for your lectures, they are really great. I would like to report a mistake in the video. At 6:41 you mentioned the new equilibrium price wrongly. Sorry for that, but some people who is new in this subject can confuse it. Thanks in advance :)

@indilbibblebones6430 7 жыл бұрын

Does he draw with a mouse?

@shinenot 12 жыл бұрын

@goldensilverstar Well, he already did that.

@cm6571 5 жыл бұрын

Wait, question. In the first example, when you said it shifted to the right you also said it shifted up. Doesn't an upward shift mean a leftward shift, isn't that a contradiction? (at least in regards to the supply curve).

@askerali811 5 жыл бұрын

There are 2 concepts here actually. When there is a change in the price of the product the change is indicated by movement along the curve i.e a higher point on the curve or a lower point. Hence why it's called *CHANGE IN QUANTITY SUPPLIED* Whereas a supply curve shifts due to change in factors other than it's own price. So, when a supply curve shifts, it's due to an increase or decrease in the quantity supplied. And when the supply increases it "shifts " to the *right* whereas a decrease in supply is indicated by the leftward shift. This is *CHANGE IN SUPPLY* note the subtle difference.