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Double Shifts- Supply and Demand

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Jacob Clifford

Jacob Clifford

Күн бұрын

In this video I cover double shifts in demand and supply and the idea that the price or quantity can be indeterminate. I also give a little trick to help you out.
Need help? Check out the Ultimate Review Packet: www.acdcecon.c...
If you like the idea of having me make these kinds of videos please let me know in the comments below. Also, if you think it is dumb, let me know what else you would prefer. Thanks for watching. Please subscribe.

Пікірлер: 163
@JacobAClifford
@JacobAClifford 8 жыл бұрын
Was this helpful? Do you think I should make a weekly video series covering techincal stuff like this? You let me know.
@shreyasinha2509
@shreyasinha2509 8 жыл бұрын
+ACDCLeadership yes sir please make it
@JacobAClifford
@JacobAClifford 8 жыл бұрын
You got it.
@rakkini23
@rakkini23 8 жыл бұрын
+ACDCLeadership you are awesome. I love your videos.
@wh0car3s943
@wh0car3s943 8 жыл бұрын
+ACDCLeadership Definitely! These videos help a lot! You should also do a video on the Austrian Style of Economics and the pros and cons of it and Keynesian Econ. God bless and Merry Christmas!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Gabe C. Here is the Keynesian Ecn video. I'll put a video for Austrian econ on my list.
@richardtruong6913
@richardtruong6913 3 жыл бұрын
I just learned more in this short video than in the 1hr and 30 min lecture I had over this topic... THANK YOU!
@alyssaisdoingthings
@alyssaisdoingthings 8 жыл бұрын
You are a god send. You deserve all the high-fives in the world.
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+hsjourney15 Thanks for watching. I appreciate it. Please subscribe
@rachaelhaskins2254
@rachaelhaskins2254 7 жыл бұрын
I am a new Econ student and I'm sooo thankful I stumbled upon your videos! You are truly talented and made me fall in love with Economics already! I bought your packet and I can't believe you are only selling it for $10, because it is totally worth it! YOU ROCK MR. CLIFFORD!
@alexcarlston8501
@alexcarlston8501 6 жыл бұрын
So grateful for these videos two days before my exam - what a life saver 🙌🏻 All the way from South Africa🐘
@luis143
@luis143 8 жыл бұрын
Please continue making Technical Tuesday videos. I really like your videos. This was so helpful! i did not understand why the price was indeterminate but now I do.
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Luis Muncharaz Duran Cool. Thats one more vote for Tuesdays. Thank you
@SuperBoldness
@SuperBoldness 8 жыл бұрын
You Sir, is a future citizen of heaven. BUNCH OF THANKS!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+SuperBoldness I hope so:)
@rudranighosh3161
@rudranighosh3161 8 жыл бұрын
Definitely yes! I have started loving economics just bcoz of u... Thank you so much Sir :)
@JakeStroman
@JakeStroman 8 жыл бұрын
Tech Tuesday videos are awesome!! I teach junior high school economics and these videos are the ultimate resource for students and staff alike! Keep 'em coming!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Jacob Stroman Great. I'm glad that it works for you and your students. Do you have any suggestions for future topics? BTW, are you t eating all the graphs in junior high? If so, AWESOME! Also, I'm a big fan of your first name.
@hey-ui5mz
@hey-ui5mz 5 жыл бұрын
You always save my life in economics! Thank you sir :)
@joelawson6960
@joelawson6960 8 жыл бұрын
Are you actually Mark Cuban?
@pearlguan8321
@pearlguan8321 5 жыл бұрын
Joe Lawson yes pls
@SamkeloMbuthuma-lj2ke
@SamkeloMbuthuma-lj2ke 2 ай бұрын
Mr Clifford, you are AMAZING!!! Truly, you are doing God's work🙏
@eb5537
@eb5537 5 жыл бұрын
I am teaching economics for the first time and have only had one economics class about 15 years ago when I was in high school myself. Your videos are absolutely saving me and my kids! Thank you - thank you for creating these!!!!
@mayhenlockley7128
@mayhenlockley7128 7 жыл бұрын
OH MY GOODNESS GRACIOUS! Economics online was like a foreign language from an alien planet. Now it all makes since. Thank you so much! You have no clue how much you have effected me and my grade!
@thelovewitch3063
@thelovewitch3063 2 жыл бұрын
i love this dude, his teaching not only keeps on holding my attention helps with my adhd.thank you for saving my grades in econ lotsoflove for you...
@HarrisPhan_in_closet
@HarrisPhan_in_closet 7 ай бұрын
Thank you, sir. Your videos help a freshman like me a lot.
@thecandiceovlogs
@thecandiceovlogs 4 ай бұрын
I"ve been through three books and one little video cleared everything up. Thanks!
@paulsilumbwe8336
@paulsilumbwe8336 11 ай бұрын
Paul from Zambia just wanted to pass my gratitude to the econ master
@amanpolara363
@amanpolara363 6 жыл бұрын
I like how he explains topics, especially this demand and supply curve series
@KyserClark
@KyserClark 2 жыл бұрын
You make learning economics fun. Thank you so much for your videos!
@abdulelahibrahim4690
@abdulelahibrahim4690 7 жыл бұрын
I got a high mark in my economics quiz yesterday , thank u so much without u everything would became harder
@harmoneytolentino2275
@harmoneytolentino2275 5 жыл бұрын
Your videos are the only thing that has kept me from ripping my hair out this semester, good work! p.s. the review packet rules
@user-yb5ft6pr6w
@user-yb5ft6pr6w 11 ай бұрын
Mr. Clifford thank you so much! I always enjoy watching your ECON vids. as well as, I learned a lot from you. More power Sir!
@gameplaygamesuzb
@gameplaygamesuzb Жыл бұрын
this guy answers all what i wanna to give questions to my teacher
@karanvir5428
@karanvir5428 4 жыл бұрын
Awesome sir, the problem about indetermine, which was from a year finally got solved. Thanks alot and big thumb up
@sheldongreen3925
@sheldongreen3925 6 жыл бұрын
Yo keep making videos, seriously, I been watching since crash course, I'm not even in school and I watch this and I learn so much and I take notes, you make this much easier for future entrepreneurs
@TotallyInnocentBrocolli
@TotallyInnocentBrocolli Жыл бұрын
I finally am able to do this in my head, thanks a ton Jacob
@muhammadomar5811
@muhammadomar5811 6 жыл бұрын
You've removed my double shift confusion.Thank you sir.
@alisab4612
@alisab4612 5 жыл бұрын
This video helped me a lot to understand, I was lost with a hybrid 8 weeks course. Thank you I started to understand economics because of you.
@terrencereynolds7046
@terrencereynolds7046 8 жыл бұрын
As usual, great explanations of concepts with a bit of humour as well. Very helpful for my class
@anushcheema7100
@anushcheema7100 3 жыл бұрын
econ is becoming my fav subject just because of him!
@kali.somatics
@kali.somatics 5 жыл бұрын
omg i love you you're literally the reason i pass my college econ classes
@jazirayessimova4010
@jazirayessimova4010 8 жыл бұрын
Yes! More Technical Tuesday videos:D Thank you, Mr. Clifford your videos are very useful in learning economics.
@Juhra4874
@Juhra4874 6 ай бұрын
My problem is now solved🥺. Best video💚💯
@nataliem7039
@nataliem7039 6 жыл бұрын
So helpful! Not going to fail my econ test tomorrow thanks to you
@a_kbr6893
@a_kbr6893 7 күн бұрын
Your videos are super fun! Really makes me feel like economists can have a soul😂
@yagyasharma5753
@yagyasharma5753 8 жыл бұрын
Watched all your videos.. Hats Off to you sir!!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+YAGYA SHARMA Thanks
@bhandariprem7471
@bhandariprem7471 7 жыл бұрын
Thankyou mr.clifferd for your valuable insight ...what i draw and conclude from your tutorial and summarised in given four conditions .1) if D &S shift right(ie.increases) then quantity demanded will increase and vice versa whereas price remains vague or subject to change in extent of shift of curves..2)if D shift right& S shift left then price will increses and vice versa and quantity will be indeterminant or subject to change in extentof shifts of curves. Plz correct me if i am misleaded.
@shreyasinha2509
@shreyasinha2509 8 жыл бұрын
hello sir, my heartiest thanks to you these videos helps me the most while i study economics technical Tuesday was very helpful i would like you to make more of it. thank you
@farnoushazizi261
@farnoushazizi261 8 жыл бұрын
Yes. It was really helpful for me. I really like your videos. Please continue making Technical Tuesday videos, and more other videos! Thank you so much, Mr.Clifford :)
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Farnoush Azizi Any suggestions? I was going to focus on graphs and calculations. Is there anything you would like to see?
@farnoushazizi261
@farnoushazizi261 8 жыл бұрын
+ACDCLeadership well, I had problems with graphs,but you explained them perfectly😁 Because I have an exam next week, I watched all of your videos and I understood all of them. But it is good to talk about graphs more. Thank you for your Ausome videos.
@JosephPowellOMG
@JosephPowellOMG 8 жыл бұрын
+Farnoush Azizi My teacher told me to watch your video's!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
Do they help?
@nikoskorobos3594
@nikoskorobos3594 8 жыл бұрын
Oh my God! Marry me! You are fuckin beautiful
@clairbenito2224
@clairbenito2224 2 жыл бұрын
Man i was struggling with this Thanks a lot
@aminhannan9189
@aminhannan9189 7 жыл бұрын
Thank you so much! this was really helpful. I hope my lecturer sees this.
@yahyamotara7590
@yahyamotara7590 4 жыл бұрын
Another vote for Technical Tuesdays
@yayun182
@yayun182 8 жыл бұрын
Very much so. Thank you so much. I am so glad I have watched your Econ teaching radios. It's really helpful to digest the concept. Cooooooooooooool stuff! ^_^
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+ya Yun Thanks. Please subscribe:)
@sedauzunoglu2359
@sedauzunoglu2359 6 жыл бұрын
You are absolutely amazing! I got a 100 on my last two quizzes because of you, thank you so much!
@anisamuca9413
@anisamuca9413 8 жыл бұрын
Holy! I have been stressing over the shifts for like weeks now and I couldn't even look at the book without wanting to cry bcs I couldn't concentrate and understand shit. Who knew it would take ONE VIDEO to actually get the whole thing?! Teacher: When did you become an expert in double shifts in supply and demand? Me: oh u know I watched this video last night. Thank you!!!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Anisa Muça You are very welcome. Let me know if you want me to cover anything else.
@dorfmunder
@dorfmunder 6 жыл бұрын
Nearly two years later and nobody has acknowledged the Max Headroom reference?! Where my 80's kids at? Bueller?
@ramanarc
@ramanarc 8 жыл бұрын
coolest teacher ever
@lostheroes8704
@lostheroes8704 4 жыл бұрын
Hey Mr Clifford, HOw are you doing? I am really struggling with the cost curves and questions like "how much should firm produce if they hire the next worker?". If I happenly learned them, will definitely buy your t-shirt and will wear it in class! so far you helped me more than my lecturer!
@rosariojoel6528
@rosariojoel6528 8 жыл бұрын
Keep doing what your doing, more pls +1 Hope to see more of you in crash course as well!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Rosario Joel Thanks. Another Crash Course just came out today. kzfaq.info/get/bejne/b7Ogic2p3dapqIE.html
@amaanjalwa
@amaanjalwa 6 жыл бұрын
Jacob you rock dude. I wish you were my Econ teacher at London Business School
@leonardoyip726
@leonardoyip726 8 жыл бұрын
0 dislikes... Perfect video. I love your channel man
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Leonardo Yip Thanks. I have even more stuff coming out this semester. Keep your eye open
@caseywakai1033
@caseywakai1033 8 жыл бұрын
I love it! Throw back to the 80s really adds character to the video. It would be helpful to label the videos as Macro or Micro. Does this idea still apply if we are graphing aggregate supply & aggregate demand?
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Casey Wakai Yes, this same idea applies to all double shifts, including AD and AS.
@me-da-awesome3409
@me-da-awesome3409 8 жыл бұрын
these are great keep up the good work! they help heaps with my economics class
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+me-DA-awesome Thanks. Btw, are you in college or high school economics?
@me-da-awesome3409
@me-da-awesome3409 8 жыл бұрын
***** highschool economics in Australia
@JacobAClifford
@JacobAClifford 8 жыл бұрын
Thanks for getting back to me
@me-da-awesome3409
@me-da-awesome3409 8 жыл бұрын
***** if you look at this website www.boardofstudies.nsw.edu.au/syllabus_hsc/pdf_doc/economics-st6-syl-from2011.pdf it shows what we study as part of our economics course.
@arushar24
@arushar24 5 жыл бұрын
Awesome way of explaining with examples. Thanks alot
@Djkhalid1234
@Djkhalid1234 8 жыл бұрын
very helpful thanks, so glad i found this channel
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Khalid Al-Omary I'm glad it helped
@N22za
@N22za 7 жыл бұрын
Thank you so much for making Economics so interesting !
@rinlindore4899
@rinlindore4899 6 жыл бұрын
You are Rocking Sir. Excellent Teaching
@02140207
@02140207 8 жыл бұрын
This is awesome!! You are helping me so much with economics and I enjoy your videos!! Do you have a video more on substitutes and complementary?
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Rylee Vincent Sure, check out the Microeconomics Unit 2 Summary
@omphem1344
@omphem1344 2 жыл бұрын
id like for you to do a video explaining simultaneous changes in demand and supply
@WarriorBane
@WarriorBane 2 жыл бұрын
Thnx, nice job on 700k subs 👍
@dhruvapapa
@dhruvapapa 4 жыл бұрын
Thank you so much Mark Cuban
@MyMrAbhishek
@MyMrAbhishek 7 жыл бұрын
Sir u did a wonderful Job. Hats Off
@mahnoorwaseem2183
@mahnoorwaseem2183 6 жыл бұрын
I love your videos!! Can you please make a video on Risk Aversion and Risk Premiums? Thank you for sharing your knowledge !
@kelvindebruyn3564
@kelvindebruyn3564 8 жыл бұрын
BOOM ! Thanks Mr Clifford !
@tsitsiebritney992
@tsitsiebritney992 4 жыл бұрын
You have really helped me ,sir thank you🙏😊
@mieshamoss2784
@mieshamoss2784 3 жыл бұрын
WOW!! Mind Blown!!! I get it now ...
@mariahigdon9865
@mariahigdon9865 6 жыл бұрын
Please make more technical Tuesday video's. They are very helpful.
@PerhapsToday1111
@PerhapsToday1111 2 жыл бұрын
I am trying to help my daughter study and the question is: Market: Leather Jackets. People are more conscious about wearing products made from animal skin. Demand would decrease but what about Supply? Would Supply decrease as well? Make less since consumers buying less?
@jonathanhynd2437
@jonathanhynd2437 5 жыл бұрын
Awesome vids man!!!! Keep 'em coming!!!
@allara5613
@allara5613 8 жыл бұрын
your videos are so helpful!!!! life savior
@michpoa992
@michpoa992 6 жыл бұрын
Really appreciate all the videos! But it would be a lot easier to understand if you could slow down the pace a little
@mm22sapphire50
@mm22sapphire50 8 жыл бұрын
can you show things about bertrand and stackelberg and cournot equilibrium?
@leongze5337
@leongze5337 4 жыл бұрын
Hi I would like to ask an example on a scenario: - Assume recently there was a severe drought that hit the south-eastern part of the United States (US) where most peanuts are grown. In response to the drought, assume the US government decided to allow more foreign peanuts (increase in imports) to come into the US from countries like China and Argentina. - How does this affect the supply & demand for the peanuts in the US market?
@McRap59
@McRap59 8 жыл бұрын
can you do videos for intermediate micro (game theory) and a list of major equations
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+jay gray Yes, I can definitely do the game theory stuff. I probably won't do the equations, unless you can think of an interesting way to present them. Don't want to put people to sleep
@McRap59
@McRap59 8 жыл бұрын
+ACDCLeadership THANK YOU! if you could focus on the cournot model and stackelberg oligopoly model that would be amazing!
@juliaernst1779
@juliaernst1779 7 жыл бұрын
These are really nice! The Technical Tuesdays :)
@abhinavporwal1476
@abhinavporwal1476 7 жыл бұрын
Hey lots of Love and respect from INDIA
@iconoclast2914
@iconoclast2914 2 жыл бұрын
Very helpful... thank you
@viniciuspenidocoutinho9893
@viniciuspenidocoutinho9893 2 жыл бұрын
Great video!
@kbl4758
@kbl4758 5 жыл бұрын
Great video !! Thanks Mr C!! How did you make that awesome end screen !??? 😂
@stephanierojas3185
@stephanierojas3185 6 жыл бұрын
Thank you so much!! This is amazing!
@amberchan7462
@amberchan7462 5 жыл бұрын
Hey yo it's DJ Jacob here!
@luttaf6373
@luttaf6373 7 жыл бұрын
Keep going please your a huge help!!
@belony5433
@belony5433 8 жыл бұрын
very useful , thanks man !
@merie8265
@merie8265 7 жыл бұрын
thanks dude .Mary maina.Nairobi Kenya
@shaheer_ghazi
@shaheer_ghazi 11 ай бұрын
Isn't it that, if the price increases or decreases, there is no change in supply or demand, only a change in the quantity supplied and the quantity demanded. Therefore, for the practice question asked around the 2:05 min mark, the change in price would have no effect on the demand curve or supply curve. The increase in demand on the other hand moves the demand curve to the right. Taking this change in price and change in demand into account, we should get an increased price and increased quantity of the equilibrium point. I am mainly confused how the increase in price pushed the supply curve to the left.
@neshedashockley81
@neshedashockley81 11 ай бұрын
Thank you!!!
@rivaanramdass1479
@rivaanramdass1479 2 жыл бұрын
This guy is such a chad
@darellweiss3761
@darellweiss3761 6 жыл бұрын
Oh wow ... You're amazing ...
@derpherpp
@derpherpp 8 жыл бұрын
How is this going to help me for race war
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+t dub ?
@Pastelheartsx
@Pastelheartsx 3 жыл бұрын
So helpful
@nobuhledubem
@nobuhledubem 5 жыл бұрын
Thank you
@zahraahamza1677
@zahraahamza1677 8 жыл бұрын
hey Mr Clifford I understood everything except the practice it was confusing
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Sarah Hamza Ok, how can I help? Here is another video. It's a little older kzfaq.info/get/bejne/j9t8irtq28m1cqM.html
@alexchungabcd
@alexchungabcd 8 жыл бұрын
I would like to ask that after I seperate the double shift graph into 2, how do I use the law of supply definition or the law of demand definition to draw the three-line graph? I watch so many times but I still can't figure it out!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+chung alex I think you mean 4 line graph. Let's use the example of both demand and supply increasing. When the demand goes up it leads to a higher price. This causes the quanity supplied to increase. Whne the supply increases, it would cuase the price to fall. The law of demand says that when prices fall the quantity demanded goes up. No matter what more output will be produced, but the price is indterminate. It depends of the severity of the shifts. DOes that make sense?
@alexchungabcd
@alexchungabcd 8 жыл бұрын
Oh I see, can you also tell me how to determine whether the question asking you to draw a graph that needs you to explain is there's an excess supply or surplus or the three line and 4 line graph?
@ronaldroman341
@ronaldroman341 7 жыл бұрын
does indeterminent mean we won't know what it is or that it is unchanged
@zahidkarim922
@zahidkarim922 8 жыл бұрын
Thanks.
@muallaozdemir1012
@muallaozdemir1012 7 жыл бұрын
Ur students have to be the luckiest people in the universe.
@zainabmahmoud9011
@zainabmahmoud9011 4 жыл бұрын
Why is the price changing in double shifts ? The Demand and Supply don’t affect on the price , the quantity demand and quantity supply do. Am l right?!!!
@shayekahsan8783
@shayekahsan8783 4 жыл бұрын
Tnx a lot
@homingng4316
@homingng4316 7 жыл бұрын
Go for it
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