this lady is awesome. these videos are the future of education. i can stop and look back and learn at my own pace. no better alternative other than finding a way to literally inject the knowledge directly into my brain.

you remind me all the great teachers I have had in my life.

I can see myself going to your videos throughout my entire college career and beyond!

You are the best teacher ever.

She uses terms that are you can actually understand! When I am going through my textbook I constantly have to look up terms used in definitions or in examples. I am so thankful to have come across your videos :)

Better than my Teacher !!

These videos are soooo helpful, it just makes the reading part jump off the page and make more sense.

I love this woman---she has helped me with my Survey of Economics course in college sooooo much! In fact, on the first test I got the highest score in the class. Thank you, thank you, thank you Doc!!

thank you so much for these videos! my exam is in 3 days and you finally cleared up any doubts for me about elasticity!

you are the best teacher ever thank you for sharing your knowledge with us

Thank you for your videos on MicroEco. They have really helped me have a better understanding of this subject!

Ma'am, you're a saviour. 😃

So inelastic as an iron bar! I had a door salesman yesterday, trying to sell electricity/gas. He couldn't tell me why the taxes on gas->heating were %wise higher then the electricity taxes. It's simply the Elasticity of the good that determines how high the taxes can go, and thus the inelastic good 'Gas for heating' is most % taxed, where's electricity you can try and safe some here and there.. it is not possible with gas (unless investing in it).

Awesome educator

Inelastic. Thanks I was only aware of the first two characteristics- Demand for the product and substitue available. Thanks for the other two.

I'm MBA student. Can't get much from my lecturer, luckly your vid helps me a lot ;))

and its very good to finally be able to put a face to that voice!

I love your videos!! You're doing an amazing job uploading such great material! Many blessings your way for helping thousands of students.

Awesome supplement for studying, thank you so much. Your videos are very helpful.

thank you so much for creating this videos to explain and teach us. we really appreciate it a lot. thank you dr. :)

Thank you so much Dr.!

Best econs tutorial video have ever come across. Thank you for the effort you have put into your videos and you look gorgeous by the way. Happy 2016 :)

As another grad student, these videos are very unhelpful. Wished I found these while doing my undergrad.

Thanks for the explanation!

It was great to see a face to go with the voice I've been listening to in all your videos. ;-) Would being able to choose among several different neighborhood gas stations count as having substitutes? In Hawaii, a lack of competition creates prices that go up with supply costs but never go down with supply savings (eg, crude oil prices decrease).

It was great to see a face to go with the voice I've been listening to in all your videos. ;-) Would being able to choose among several different neighborhood gas stations count as having substitutes? In Hawaii, a lack of competition creates prices that go up with supply costs but never go down with supply savings (eg, crude oil prices decrease). Honolulu Star-Bulletin, "Gas goes up, stays up"

@seadragon36 Yes; that would be narrowing the definition of the demand you are looking at to the demand for gas at one station (which is much more elastic than overall demand for all gas in the market).

thank you for your wisdom

Thank you.... U r helping us

thanknyou so much...you are the best

Wish you were teaching my class

Very helpful!!

You are awesome!

My jaw dropped when I heard the price of gas at the moment time

i miss it when gas was 2.70

It appeared as though you selected mid-grade gas vice the lower price gas. with the economy the way it is, what made you choose the grade you chose?

hi!! can you do a video on characteristics and all about elasticity of supply? i just cant put myself into sellers shoes! Thank you!!~

well done

finally i see her haha you helped me alot!

could hardly hear anything on laptop speakers :(

You, beautiful woman, made my day.

Your demand would be inelastic

the substitute to driving is not driving. In places with public transport, gas is an elastic good.

I am not hearing any sound...

I think that you will accept a rather high change in price compared to the chance in quantity. Then I will bet on that you price elasticity is inelastic due to the fact that the large change in price wouldn't occur in full competition. Please comment

Elastic if you choose to go on horse (extreme example) and in elastic if you just use a car.

Watching this video in 2023 and crying at the $2.50 gas prices while I’m out here paying $6.50 :’) great lesson nonetheless!

inelastic

2.47$/gallon for gass... meanwhile in canada its 1.40/liter :/

+mjmfoodie YOU, ma'am,YOU are AWESOME.

hahahaahahahahahaahahahahaahahahahahahaha being thankful to the gas station, ahahahahahahahaha.

HAHAHAHAHAAHAHA