Change in demand versus change in quantity demanded | AP Macroeconomics

Change in demand versus change in quantity demanded | AP Macroeconomics | Khan Academy

Рет қаралды 123,243

6 жыл бұрын

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In this video we illustrate and explain the differences between a change in the quantity demanded for a good (which causes a movement along a demand curve) and the change in a good's demand (which causes the entire demand curve to shift). Microeconomics on Khan Academy: Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional topics from a college-level microeconomics course. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to KhanAcademyÕs Microeconomics channel: / channel Subscribe to KhanAcademy: kzfaq.info_....
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AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
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Пікірлер: 44

@bantha8470 2 жыл бұрын

literally said everything i didnt get from 1 hour 30 minute lecture in 1 minute, hes insane

@noqx1419 8 ай бұрын

same

@HappyKatze 6 жыл бұрын

these videos are easy to follow and fun to watch, keep up the great work :)

@hardhika9208 3 жыл бұрын

You sir are a legend thank you for this service 🙏

@fat5h 4 жыл бұрын

A short video for long arguments. Glad you shared!

@saqlainbukhari8697 4 жыл бұрын

Isn't #1 same as #6? Why do we have different results then? In both the cases price of the given good is changing not the other factors?

@mx3727 3 жыл бұрын

Agreed. I was thinking the same thing. Lucy, you got some 'splainin' to do!

@lillianwilliams9272 3 жыл бұрын

#1 is a change in price and #6 is a change in expected price. If it is a change in price, it follows the demand line, but if it is another factor (change in population, change in income, change in expected price, change in substitute good, change in consumer’s taste, and/or change in complimentary good), it shifts the demand line. I know this reply is a year late, but hopefully it helps!

@sammybrosnan62 2 жыл бұрын

@@lillianwilliams9272 you are amazing, I finally understand, time to ace this exam hahaha

@ojay9655 2 жыл бұрын

I was thinking the same too

@prateekchauhan6376 9 ай бұрын

@@lillianwilliams9272thank you so much dude

@yonessanc4758 3 жыл бұрын

Thanks for this educational video sir. It helps me a lot for my modular class. Thank you so much!

@sorinmb 4 жыл бұрын

Thank you sir, very helpful!

@shirinsheikhzade2633 3 жыл бұрын

since my back ground knowledge is in science i figure out it is a useful video,

@edmoregwiza6626 Жыл бұрын

Thanks for the lecture. It well composed even for us the starters we can have direction.

@lucksonchilambwe4644 4 жыл бұрын

Nice videos.Quite easy to follow.

@123123mike 4 жыл бұрын

#4 is the same as a price reduction (same as #1), and thus should be change in quantity demanded

@arjunmiddha6722 4 жыл бұрын

#4 is about the change in the vehicle registration fee (not the cost of the car), which makes it similar to #2

@hazza2247 4 жыл бұрын

Arjun Middha agreed

@Civilservice25 2 ай бұрын

prices of public transportation goes down then then the demand curve have to shift rightward because the law of demand state that when price of a product or service decreases, demand increases

@paulamutesi 3 жыл бұрын

Price in public transportation goes down should cause a shift to the right on the demand curve

@alexiosbentoukantze2825 3 жыл бұрын

no to the left, because there is now less overal demand for cars as the substitute of pt gains demand, right?

@portjc 5 ай бұрын

@@alexiosbentoukantze2825 yeah i agree, because if transportation (bus, taxi, uber, etc) is cheaper a lot of people who are looking for a car will just settle for what is available in this case transportation for car workshops or dealers notice this then why would they spend more money on demand if the consumers wont be there to buy cars becasue most of them are better off having cheaper prices at public transportation (buses, taxi, uber, train, etc)

@lawrae6560 4 ай бұрын

So helpful. thank you🙏

@purelydef9073 3 ай бұрын

Some questions could have been phrased in a way that’s less ambiguous. For example “price of gas going up” might decrease the demand for some cars, but might increase the demand for fuel-efficient or electric cars. So the answer may depend on the type of car in question, which is never defined. It’s hard to have objectively right/wrong answers without a clear premise to start from I think maybe this idea could’ve been explained a little clearer

@JouiiKatsura 3 жыл бұрын

Missed two days of class now I gotta catch up

@bhanavipanwar4435 Жыл бұрын

Thank you🙏

@randuvishmika7769 Жыл бұрын

thank you sir......

@nitinmehra1180 2 жыл бұрын

Could you please explain is there any case exit in which the quantity remains same but price differs ?

@simransodhi358 3 жыл бұрын

These concepts are under the scope of micro economics.

@nathanvancleef1824 3 жыл бұрын

U are the best

@josephneville5572 Жыл бұрын

what software are you using that allows you to draw and erase so easily and Quickly?

@aliabbas619 4 жыл бұрын

Nice and informative.

@shammaalali352 2 жыл бұрын

The first one could also shift bc ppl would want to buy more

@khsadadbinsajed5574 5 жыл бұрын

very helpful

@Cakemonster147 6 жыл бұрын

Hey what's up Sal

@yashbafna7918 5 жыл бұрын

In third example demand curve would shift to right

@Alex-mn5rs 4 жыл бұрын

Why? If the price of public transportation goes down, people would be more inclined to use it versus their own private transportation. That would result in a lower demand at any price that the consumer is able and/or willing to pay for a car because this supplement has become cheaper.

@jasongarcia1951 4 жыл бұрын

@@Alex-mn5rs i think the original commenter forgot that the graph was specific to cars, and thought more about the demand of the public transportation instead

@rookiej5587 2 жыл бұрын

Ain't this microeconomics?

@NarutoUchiha-lb8zq 2 жыл бұрын

If the price of gasoline increases, it would cause the quantity demanded for gasoline to decrease, so number 2 is incorrect. Edit: After watching the video, I realized a lot of the examples were incorrect. Remember that a change in price will only move along the demand curve, NOT shift the curve. The only cause for a shift in the demand curve is one of the five shifters.

@MyLegsAreKindaLong 2 жыл бұрын

I think u got it wrong, it not about gasoline it is about car's demand.

@sonseriatcbukucu338 8 ай бұрын

@@MyLegsAreKindaLong Also I thought same as you