Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5

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Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5

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Jacob Clifford

Күн бұрын

Пікірлер: 125

@JacobAClifford 4 жыл бұрын

The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. A 2. D 3. C 4. D How to get the Ultimate Review Packet Step 1: Go to: acdcecon.thinkific.com Step 2: Create a free account Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College) Note Teachers- Do not print any of the packet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: www.acdcecon.com/bulk-discount

@jerryrozario4541 4 жыл бұрын

Thank you sir.

@hasnainvirani3478 4 жыл бұрын

Jacob Clifford sir plz can u tell in video that a about weather conditions affect demand and supply how like when a rain storm natural disasters plz sir

@nnekachukwuka370 4 жыл бұрын

Thanks for the video! And please make a video on the MIDPOINT Formula 🙏

@hasnainvirani3478 4 жыл бұрын

Annie Nation I have four channel 1 Gaming 2 knowledge 3 Information of World 4 history

@Lee-gm6cz 4 жыл бұрын

Dear Mr.Clifford, Can you explain why price elasticity changes from elastic to inelastic along a demand curve?

@parcekz9934 4 жыл бұрын

This guy is one of the best teachers on youtube, rivaling and many times surpassing Khan Academy. Thank you very much for your help!!!

@BasilHagens 2 жыл бұрын

PatrickJMT is king tho

@hetaeramancer 2 жыл бұрын

@@BasilHagens nah, he has a lot of math vids and a lot of people are bad at math so that's probably why people tend to think that he's so good at teaching any subjects. basically people who are insisting that he's the best are people who are bad at math. and to you parcekz, khan academy may not be as good at being entertaining and brief as professor jacob, khan is actually veeeery rigorous. like you can be confident that you have learned everything you need to know about this subject, as if you can compete with undergraduate students even if you haven't gone to college yet. but above everything i have said, i strongly agree that professor jacob is literally the BEST economics teacher in youtube in terms of entertainment, being concise and being brief. he deserves better, his channel should've been close to 2 million. my suggestion to professor jacob is to make more videos; i suggest that he starts finance and capital markets playlists

@danielleirick3080 Жыл бұрын

The Green brothers are great, too.

@tabbyblu771 Жыл бұрын

@@hetaeramancer he isn't just brief .. because everything he's said is contained with what I read.. He talks fast that's why it seems as if he's just brief. Well he's giving me data and it's helping. By the way I'm not bad at math I'm good at it.

@darthnihilus2729 9 ай бұрын

@@tabbyblu771 🤓

@90sDragonkid Жыл бұрын

You explain things 10000x better than some of my economic professors. I'm so glad I found your videos. Thank you!!!!

@alexk3252 4 жыл бұрын

you have taught me more in one video tan my economics teacher in a whole semester

@dennydore2728 2 жыл бұрын

Passed both my Macro and Micro CLEP's all thanks to you! Thank you so much Mr. Clifford, if anyone else is prepping for CLEP's this is the way to go!

@joannetan7803 4 жыл бұрын

I actually hope my Econ teachers could be as fun as you are, easy to understand and easier to encourage students to raise questions.

@mumbamwamba2905 4 жыл бұрын

Hi Mr Clifford I played your videos every day during my 1 hour commute to work and I aced my Business Economics paper on my MBA. Thanks very much for making these videos

@PreDragonDeezNuts 4 жыл бұрын

Your videos are very easy to understand, and you make it so that learning Economics is actually fun! Thank you so much, and all the best for your KZfaq Channel!

@nafihanajeem9278 2 жыл бұрын

I'm facing the Econ test tomorrow,and I know nothing and I came through this KZfaq channel. He's doing a great job. I can assure a pass mark. Thank you for helping us!

@Sirmissalot3112 3 жыл бұрын

YOU KNOW WHAT BUDDY YOU R THE BEST TEACHER ON YT WHENEVER I HAVE AN ECO EXAM I HEAD UP STRAIGHT TO THIS CHANNEL ..... YOU R THE BEST MAN...

@opalmari6147 4 жыл бұрын

Hey Mr Clifford, I just wanted to thank you so much for your videos. The fun and easy way you make the lessons makes me laugh, and helps me better understand the material. Thank you!

@rikki1952 6 ай бұрын

Consider me SUBSCRIBED! I'm taking a compressed Economics course, painfully online, for my MBA and it was kicking my butt until I found your videos. I am forever indebted to you!!!

@ericalutchman1605 4 жыл бұрын

Honestly I just started studying economics. Never done it before and I start at tertiary level, pretty hard I know. I thought it would be difficult but after viewing and downloading most of the videos from this channel for the chapters we have covered at my university, I can confidently say that these videos have truly helped me improve my skills and broaden my knowledge

@junior_na1 2 жыл бұрын

Thank you Mr. Clifford your videos are appreciated, am a student all the way from Africa and your videos have helped me understand alot more and better and I always come back to them before an exam. Thank you, love all the way from Namibia.

@BenZamzow 4 жыл бұрын

This is great--often people confuse these elasticities or don't realize when one or the other applies e.g. price elasticity of demand versus income elasticity of demand often gets mixed up on exams--I make videos for my own students but send them here too!

@ADrunkenYoshi 4 жыл бұрын

Anyone else still comes back here even though you not taking the class anymore lol I subscribed I think 3 years ago and I come back just because of how interesting this is and I'm an accounting major lmaoooo

@BrynnsAdventures 3 жыл бұрын

omg ur saving my life, i don't think i could pass my microecon without these videos

@kathaleenmelville4668 2 жыл бұрын

Thank you for your videos! Taking Economics online has been a struggle, but your videos make it so much easier to understand.

@wilsonchan5711 Жыл бұрын

This video was super helpful! It took me a second to realize that there are 4 different elasticities + you taught me a whole unit for my econ class thanks!

@sk8r757 4 жыл бұрын

Don’t ever comment on KZfaq videos but wanted to say thank you. Your videos helped me get a 100 on my micro final.

@mugahedbaatiah4899 3 жыл бұрын

The best teacher in KZfaq. you are really a life saver. best of luck.

@hafla8886 3 жыл бұрын

Thank you very much Mr.Clifford your videos are awesome and very helpful.Indeed ur my first econ teacher obviously...coz u are my start.

@mariama6137 3 жыл бұрын

Thank you verry much for making these videos. It helps a lot especially in this difficult time where we are all homeschooled and not really motivated. ❤️

@sulenurcirit2425 3 жыл бұрын

ıf income elasticity is negative, that means this product is inferior good. so, ıf consumer income decrease, demand of consumers to buy this product will increase. so demand curve shift to the right.

@tawheed1996 4 жыл бұрын

Hello sir, Can you make a video about indifference curve analysis, and demand forecasting. Thank you for everything that you are doing for us . Best KZfaq channel around the globe

@codingtheworld674 4 жыл бұрын

I enjoy watching your videos. SOOO happy for --I chose Management Engineering and I get your help to understand microeconomics in a easy way. Thank you

@aceuploads1541 11 ай бұрын

This man is a life saver! He just secured the bag for me

@KelleytinaVW 3 жыл бұрын

I took AP Macro in high school and now taking Micro in college and wish I had you as a teacher it seems more simple

@ameera1171 4 жыл бұрын

Thank you so much Mr.Clifford

@ericalutchman1605 4 жыл бұрын

Mr Clifford you are one of the best. Learnt so much from your videos. Thank you for your content🌸

@santanumishra6147 3 жыл бұрын

Thanks jacob for for clarifying my doubts.From now You are my favourite econ. teacher......cheers

@fgr6397 4 жыл бұрын

I wish I had access to these videos when I was studying economics! Man you are good!!

@saad-tx9yw 4 жыл бұрын

Tomorrow our exam thanks your on time

@PinuiPink 4 жыл бұрын

Great outstanding teaching skills! The humor is perfect for people like me. I get to understand a lot

@abrarfaiyaz3163 2 жыл бұрын

You've helped me so much till now. Thank you.

@mariasarwar2824 Жыл бұрын

I have an exam on micro 3 hrs later, I had no time to read a 98 pages chapter! Thanks for the video.

@benuriwickramarathne5443 3 жыл бұрын

Thank you so much for all these amazing free resources!!!! Blessings from Sri Lanka

@aar8391 4 жыл бұрын

اسطوووره يا جيكوب واللهي بليلة الاختبار نزلت الملخص😍

@charlievann2456 Жыл бұрын

Jacob Clifford is the 🐐

@ellieinspace Жыл бұрын

This editing is 🔥

@bashaieralarfaj2328 3 жыл бұрын

This video made my life easier THANK YOU!!!

@ruthwikk.v6108 4 жыл бұрын

You're the best man! Keep up the good work:)

@tatianacarrillosuarez8209 4 жыл бұрын

can you explain how to find the elasticity of demand at a certain point on the deman curve, please?

@bobbyjoe90 3 жыл бұрын

The real MVP of economics right here

@niveengameel4665 8 ай бұрын

i swear you are the best

@zethayn 4 жыл бұрын

Just on time, thank you so so much! Your help's priceless.:)

@radhamulani6994 3 жыл бұрын

Who binge watching his videos before the AP Micro test tmrw? Cause I definitely am LOL

@phathutshedzoravhutulu6165 3 жыл бұрын

Did you get the pdf of the answer ? IF you did please send 🥺

@noahsika-iw2bw Жыл бұрын

You're just doing the best. 🙋🙋🙋🙋

@ahsank. 4 жыл бұрын

I swear you're a Jojo reference in real life. Love your videos.

@emilynewton4539 4 жыл бұрын

You're the best!!! and the kazoo kid killed me every time lol

@abdullahbinsaad5872 4 жыл бұрын

ابو كليفرد يا عشقي والله جيت بوقتك ❤️❤️❤️❤️❤️❤️❤️❤️

@MrFriman 5 ай бұрын

you made me get an A last term now I im going to get another A this term, what would i do without u tysm

@karlenezalkin8950 4 жыл бұрын

ur the best! thanks so much for your help.

@sophatt 3 жыл бұрын

Thanks so much for all your work!

@azizasapar2332 3 жыл бұрын

I AM SO GRATEFUL!!!!! THANK YOU, NOW I UNDERSTOOD EVERYTHING! GOD SAVE’S YOU!!!

@RickeeTalz-ju7zr 5 ай бұрын

U are amazing sir, thank you alot

@jiayisong5909 2 жыл бұрын

Hi! If the supply is perfectly inelastic, why does an increase in demand for that product cause an increase in price while the quantity stays the same? I couldn't understand this question from the ultimate review packet.

@jiayisong5909 2 жыл бұрын

plz help!

@sherwinsabando7703 3 жыл бұрын

It helps me a lot!! Thankyou

@user-uc1qh6lp7b 4 жыл бұрын

I can’t download the pdf files from your website. It always says you already enrolled in this course. What should I do?

@marwarashed9038 4 жыл бұрын

you are the best

@Dom-zx3lg 4 жыл бұрын

Hi Clifford Interested to hear your thoughts on Social Credit developed by Major Clifford Douglas. He was a contender of Keynes and was some what successful throughout the commonwealth.

@mariama6137 3 жыл бұрын

Can anyone explain why it’s D for the last question please ? I dont get it 🙁

@TheMelanie04fol 4 жыл бұрын

Im citing u in my paper...hope I do that.right..

@seonwooyoon3141 4 жыл бұрын

could please someone explain why number 4 is D? I know it is a inferior good so should the demand curve shift to the left?

@salmanqaiser6918 4 жыл бұрын

No. Because decrease in income means, people will buy more of that inferior good. So it's income elasticity will move from -1.5 to say -3. i.e. it will become "more inferior" than it was before.

@Sustainabites-vo5nz Жыл бұрын

thanks!!!!!!! so easy!

@hafsahkhalid3592 3 жыл бұрын

Saved my life

@gbrielle4445 2 жыл бұрын

THANK YOU SO MUCH!!!!!!!!!

@frankewanmale4067 4 жыл бұрын

Thanks

@layalesper4619 4 жыл бұрын

PLEASE MAKE A VIDEO ABOUT "ENGEL CURVE" YOU ARE A LIFESAVER

@nawaf4897 4 жыл бұрын

الأسطورة جاكوب نزل المقطع في ليلة ميجرنا ❤️❤️

@itssheyfr 2 жыл бұрын

damn the sudden kazoo kid cameos had me off my seat crying laughing

@shafiqhussain5706 4 жыл бұрын

excellent sir

@sarawax 4 жыл бұрын

great job!

@wisecarl712 2 жыл бұрын

Much Love Jacob!

@americacastro2587 2 жыл бұрын

thank for your help

@Lee-gm6cz 4 жыл бұрын

Can somebody explain to me why price elasticity changes from elastic to inelastic along a demand curve?

@annagryd9335 2 жыл бұрын

why is the answer to question 4d what is the rule behind this

@MaryChihana-bv8rh Жыл бұрын

Wow 😳 NYC I get it now

@isaacong 4 жыл бұрын

Why is income elasticity of demand abbreviated as YED and not IED?

@oldmanneedsubscribers9256 4 жыл бұрын

Y is more commonly used for income throughout economics especially in macro, that why he used it.

@user-gg4df4ku7s 11 ай бұрын

Where is the practice paper

@yazminmoreno1787 4 жыл бұрын

WE LOVE YOU :D

@marynguyen1748 10 ай бұрын

Hi Mr Clifford Thank you very much for making great videos . English is my second language, please speak slower if you can.

@jessiekrells 2 жыл бұрын

Awesome

@johnstaples5458 3 жыл бұрын

Is that gallon of milk shelf stable?

@johnstaples5458 3 жыл бұрын

and who are the seven people that didn't like this?

@shondalegalindo1 Жыл бұрын

I don't get why #4 is D

@camigimenez429 Жыл бұрын

I freaking love u

@williamdickes7600 3 жыл бұрын

the kazoo kid saying thanks at the very start killed me!!!

@s7234 3 жыл бұрын

Lol, did anyone else notice that at 0:17 there was someone else's laughter lol

@shaheer_ghazi 11 ай бұрын

Can someone explain question 2 6:45 to me please?

@sophiamohamed7763 4 жыл бұрын

how?

@JacobAClifford 4 жыл бұрын

Why is Gamora?

@dylanblack8670 4 жыл бұрын

@@JacobAClifford this is the best response

@Quietone74 Жыл бұрын

I can't tell you how disappointed I am that the answer key is not "ACDC" for every single one of these videos.

@henayaman3414 3 жыл бұрын

thanks to your amazing filmmaking, i was able to now sell my 3 camels that i hadn't been able to sell for many months for thrice the price!!!! do you want me to gift you a camel???