Import Quota (Protectionism) - The impact of an import quota on the market
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@lukebo46937 жыл бұрын
These videos are easy to follow, very logical and highly appreciated by IB students! Keep it up man, really awesome work!
@SRN-L7 жыл бұрын
agreed!! (i love his british accent lol)
@sirjonestotherescue5 жыл бұрын
IB students....bro go fuck yahself
@thenurispunk5 жыл бұрын
@@sirjonestotherescue LOL agreed
@lucatorricelli67664 жыл бұрын
@@sirjonestotherescue poor jealous boy
@sirjonestotherescue4 жыл бұрын
@@lucatorricelli6766 jealous of what? i go to nyu lol
@caterina15234 жыл бұрын
i have a test on international econ and you taught me everything in less than 30 mins
@ItsLeonel3 жыл бұрын
Exam in 13 hours
@abdullahabbasi23872 жыл бұрын
@@ItsLeonel Exam in 35.5 hours
@DJTejasMusic282 жыл бұрын
Exam in 4 hours.
@DJTejasMusic282 жыл бұрын
Update: Got a 7 :)
@tanzetee2 жыл бұрын
exam in 24 hours
@zoeli44628 жыл бұрын
I can't thank you enough for these!
@geetatiwari57815 жыл бұрын
You are a gem!! Thanks for your services. :)
@kyu98595 жыл бұрын
How could price increase shift the whole supply curve? can price increase meaning the willingness and ability of producers to produce particular product increase? I thought the price incentivizes them to produce more with higher price and increasing the resource allocation, thus with the quantity supplied not the whole supply curve
@tamratmihret73074 жыл бұрын
Hi your videos are super helpful and free. Thank you for explaining IB econ in such very good way.
@oshinpearlwilliamson31893 жыл бұрын
You give Ross vibes from friends 🙄, and I don't know why I'm commenting this!
@catherinecocuo483 Жыл бұрын
😂gee!!!! you made my day ,,, so stressed from preparing for exams ,,
@monazhu15154 жыл бұрын
why connecting the two points together? Sometimes the new supply curve won’t be parallel to the previous supply curve. So the new supply curve just should start from the new price and then parallel to the previous supply. Thanks for the video anyway, very easy to understand!
@catherinecocuo483 Жыл бұрын
😢, yeah , I didn’t get the “ shifted parallel supply curve ‘either !!!! Can you illustrate more ? 😢 I understand the excess demand could drive the price to increase, to a point . But how should this increased price lead to the supply curve shift right 😢? As I learned from the previous chapter , price change only lead to the ‘movement ‘ not’shift’ , supply curve shift is only when cost of production decrease , productivity, technology change . 😂
@veraz49016 ай бұрын
@@catherinecocuo483 same. price changes should only lead to a movement along the curve, i guess ....
@Ham-th7vb6 жыл бұрын
your videos are amazing. I am so thankful for your teaching!
@fionazhu927 жыл бұрын
I will have an Economics presentation tomorrow. Thanks a lot!
@divyamgupta444 жыл бұрын
absolute legend
@deepagaichari95464 жыл бұрын
Thank you sir for your information .👍👍👍👍
@jessicalv64423 жыл бұрын
Much much better than my teacher!!! Thanks
@leeroy35739 жыл бұрын
What would happen if the quota was placed between the initial equilibrium and Q2. If it was much further to the right (maybe just a high quota) would that change much or just reduce the amount of surpluses lost?
@stephanielam36956 жыл бұрын
This is so helpful! Thank you very much!
@babes11ism7 жыл бұрын
what is the difference between the inside tariff quota rate (ITQR) and Outside Tariff Quota Rate (OTQR)? Can you help me plssss
@DJTejasMusic282 жыл бұрын
I love your videos. Thank you so much
@hulkbuster16257 жыл бұрын
Great video!
@madboy21917 ай бұрын
amazing video thank you so much
@jupplies9 ай бұрын
i love you thank you for saving my econs
@PtolemyXIII7327 жыл бұрын
How can a change in price cause a shift in supply as you suggest ?
@WhoTFIsIrre7 жыл бұрын
The new increase in price of world supply to Pw + Quota incentivises domestic producers to enter the market and thus supply at quantity Q4. In other words, domestic producers are more willing to supply at higher prices - link to price mechanism.
@Michelle-tf7xc7 жыл бұрын
Rufus Pierce Jones I havw the same question
@3987mex7 жыл бұрын
hi thanks for your videos, I have IB exam tomorrow :(
@miamihussain16657 жыл бұрын
how was the exam? i ran out of bloody time :///////////////
@hulkbuster16257 жыл бұрын
how was it
@hulkbuster16257 жыл бұрын
what concepts were on it?
@miamihussain16657 жыл бұрын
For paper 1 (SL) the micro section had income elasticities and its effects or something idk. and the other question in micro was about market failure. (sorry i don't remember the part b sections to the micro questions but probably it would've been along the lines of "evaulate/discuss effects..." For macro, the first question was "describe how an increase in interest rates affects consumerism and investment in an economy. and the part b to that question was evaluating monetary policy. the second question you could choose from in my macro regarded economic growth and increasing actual output and evaluating whether on not if economic growth is always a good thing.
@miamihussain16657 жыл бұрын
The exam wasn't hard. If you knew your stuff you'd be well on your way to a seven. The only bloooodddddyyy problem is time management. If you havent done ur finals yet i suggest you really stick to the 45 mins per each section. If you spend more time in one section you're going to stuff up the other section its an absolute given.
@kishanshah98875 жыл бұрын
u da best
@blue-ou6uf Жыл бұрын
so essentially: quota is set by govt to protect producers. imports fall to Q1 to Q3. there is a shortage, because of persisting demand. price increases (for domestic and world price) to world price + quota suppliers motivated to produce and supply more, domestic supply shift to the right.
@ElizarGedeaoJr.Ай бұрын
Informações go pára uma vez
@canarycatchup2 жыл бұрын
Last minute clutch from you
@darveshchandnani8404 Жыл бұрын
love you man
@brianevans45 жыл бұрын
I thought an increase in price shifted along the supply curve, not a shift of the curve?
@catherinecocuo483 Жыл бұрын
That was my doubt too !
@brokemangoods6648 Жыл бұрын
thanks
@KhatuShyamji11057 жыл бұрын
.vid very useful fr exams
@patrickmullins21034 жыл бұрын
why would there be a dead weight loss in efficieny over the output the foriegn firm produces?
@dikshikhasumrah3393 жыл бұрын
Exactly
@dikshikhasumrah3393 жыл бұрын
There might be an error!
@shrawanipal2 жыл бұрын
because production has shifted from more efficient foreign producers to less efficient domestic producers
@pinkib27964 жыл бұрын
I have a few doubts about import quota with monopoly case are you available?
@greenbrown7575 жыл бұрын
Could you make the videos louder please?
@jamiek86032 жыл бұрын
turn up the volume
@oltillapashtica14352 жыл бұрын
goat
@Patricia-t8Patricia___rt4iАй бұрын
In a twist of fate, a system error directed the transaction to an invalid email address.