Law of demand | Supply, demand, and market equilibrium | Microeconomics

Law of demand | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

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12 жыл бұрын

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Example of the law of demand
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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Пікірлер: 118

@dreamevenbigger 11 жыл бұрын

Khan Academy: "Making up for all the damage done by shitty teachers everywhere". Thanks for the videos, they are making my academic life so much easier!

@Danialy210 2 жыл бұрын

agreed 😂😂

@hishamalaker491 2 жыл бұрын

to be honest as a student who is 14 year old, you gotta apreciate your teacher man i mean without them who would teach you really i feel bad for them.

@zacharyjulien2952 Жыл бұрын

On god. I have an exam coming up

@elitetech7728 9 жыл бұрын

KEY TERMS IN THIS VIDEO: 1. The Law of Demand: Price and demand are related to each other 2. Demand Curve: The way economists measure the relationship between price and quantity demanded in an object

@lalaithan 7 жыл бұрын

3. Demand schedule: a table that shows the quantity demanded at each price

@TooDruForYou 4 жыл бұрын

Dude thankyou

@thedrumman64 10 жыл бұрын

Thank you so much for this great explanation! As a person with a science degree, and 25 years interpreting non-business graphs, this whole dependent and independent variable thing in my first microeconomics course has been troublesome. I also appreciate your emphasis on demand vs quantity demanded, a very important distinction often not highlighted well by texts or professors.

@thisisrtsthree9992 8 жыл бұрын

+thedrumman64 come on turd, can't you learn to read a graph with transposed axis??? it's the same thing, the SAME THING!!

@gdogvibes1 12 жыл бұрын

I first learned demand and supply from the mission in Grand theft auto

@roshnipillai4656 3 жыл бұрын

Me too

@JOE-od6oj 3 жыл бұрын

Vice city 😂

@androidgameplay199 3 жыл бұрын

Yeah vice city😂😂

@mahuabiswas4589 3 жыл бұрын

🤣🤣🤣🤣

@mamphokokoropo8367 2 жыл бұрын

@@roshnipillai4656 00000⁰0000

@madhurbharti8896 8 жыл бұрын

Just love ur videos man and ur upbeat voice that makes me focus and understand everything. Keep them coming..

@jemilagulston7742 4 жыл бұрын

Not everyone can teach economics. I failed economics as an elective at University as no one understood what the lecturer was teaching now you are giving me the courage to go and repeat it and be successful. Great explanation you are a true expert

@cj9318 Жыл бұрын

how’d u do

@Rex-en1wz 8 жыл бұрын

Thank you so much! got an exam for econ tmr, i was really confused at first, but then after watching your video, i'm clear with it! thank u !

@gabemackey4122 Жыл бұрын

Thank you! I tried another video on supply before this and I could barely understand it but then I watched this one and wow can learning be so much easier by different people

@Jotto999 12 жыл бұрын

There has never been a greater time in history than now to be an autodidact.

@darktheme2192 8 жыл бұрын

Thank you. You made me realize what confused me with the demand curve.

@eyyyyy959 6 жыл бұрын

Thanks for this I'm having my licensure board examination tomorrow in agricultural economics.. This helps a lot 💕

@ibrahimabouayyash2031 2 жыл бұрын

This really helped me! I am in secondary now and your videos really benefit me and my friends! The thorough explanation helped greatly:)

@bhavyabansal6231 3 жыл бұрын

Thank you for this video...I have been studying eco for the past 2 years and this whole thing about dependent N independent variable on x and y axis has bugged me a lot...This video made it clear :)

@SuperPopem 8 жыл бұрын

great video, my only criticism would be that you should have mentioned expansion and contraction which is actually the only real reason why the chart is relevant.

@sesaenosorez7161 3 жыл бұрын

It’s like I pay 💰 college to teach me and when they don’t teach me I ask the teacher which sometimes doesn’t teach so I look KZfaq videos or read on myself but I still pay for my college like what are we insane ? But again if you teach yourself it’s not really that useful

@anthonykimathi7890 3 жыл бұрын

This is good for internalising contents taught in class.Good job!

@MrVargasesteban 12 жыл бұрын

Khan, finally I found someone in the world of economics who plots the freaking price in the freaking x axis where the freaking independent variable, which is the freaking that you control, goes.

@alyssarusso9404 7 жыл бұрын

i'm waiting for Space Whatever to be released.

@rosemukoya9511 3 жыл бұрын

Thanks to Khan Academy...always helping me to learn more and understand better💯🇰🇪

@taxstandard 7 жыл бұрын

good video thanks for providing the useful information

@marcindraczkowski4014 6 жыл бұрын

The screen looks like the loading screen from GTA:Vice City. Even the handwriting looks similiar, love it.

@RbtV92 12 жыл бұрын

such a nice epen youre using

@ScoopaUnitedAirlines 11 жыл бұрын

Your simple explanation of why you find it confusing that P is on the Y axis just cleared everything up. Teachers always spoke about the price as if it was a determinant and I was so confused. Bizarre how something so simple can ruin the whole concept if left unexplained.

@51MontyPython 10 жыл бұрын

I think I would also tend to put price on the horizontal axis.

@drewcordaro8166 9 жыл бұрын

this is very helpful for anything school

@harishnaikharry3745 7 жыл бұрын

Good explaination

@ozgurkaraarslan9170 Жыл бұрын

THANK YOU KHAN ACADEMY WE LOVE YOU

@valbrazilval 12 жыл бұрын

The law of supply and demand! Of course!!!!

@bluceres3026 Жыл бұрын

You just saved my life. Thank you

@user-dw8lv6sy2y 3 жыл бұрын

어떤식으로 사람들이 자신의 원하는 것을 추구를 하고 그런것이 또 그래프에 나타나는지 또, 파는 사람의 입장에서는 어떤 식으로 자신이 소유하고 있는 가치를 팔려고 하는지를 그래프에서의 평형으로 한 눈에 이해할 수 있었습니다.

@wiseboy182 6 жыл бұрын

Like the video, but quite a graph you got there in the example - at some point price increase doesnt result in falling quantity demanded ;) I wish it would work this way in a real world...

@pedrogaxiola9140 8 жыл бұрын

it bothered me in high school that price was he vertical axis and never made sense to me! just saying.

@ex0stasis72 7 жыл бұрын

Exactly my thoughts too. Price seems like it would be the independent variable, not the dependent variable.

@rodjensen6335 4 жыл бұрын

It's merely a long-standing convention. Think "P" is jointly determined by the joint interaction of demand and supply (as is "Q").

@frankweiss597 3 жыл бұрын

Yes. This was an error introduced by the great economist Alfred Marshall in the 1880's or a tad later. The error has been carried along since then. :-)

@afifahanif5724 3 жыл бұрын

Presentation amd voice clearity are v nice 👍🏻👍🏻

@TheCambrian91 11 жыл бұрын

Ceteris Paribus / Holding everything else (all the things you mentioned) equal!

@MassDynamic 8 жыл бұрын

the graph is certainly strange. at first glance, that graph would tell me that "as the quantity demanded increases, price decreases"

@numairgaming9731 4 жыл бұрын

Ty for making this video khan academy

@mizeh8387 2 жыл бұрын

I ♥️ this. Please how do I locate the economics lesson playlist?

@ZacharySmith89 12 жыл бұрын

@safeinsuburbia and...? Even given that those who can't do teach doesn't mean that those who teach can't do. :-/ If A -> B B still does not necessitate A.

@ecoandeducation 2 жыл бұрын

Economics is my favorite one

@jadgamer6409 6 ай бұрын

than k you i understand it very good

@jade250 11 жыл бұрын

that is getting into elasticity of demand

@universeisanatha5433 2 жыл бұрын

very good explanation

@Owasim9119 11 ай бұрын

Thanks sir ❤

@spokenenglish2869 4 жыл бұрын

Thanks from India🇮🇳

@tthanosproshheeessshhh9865 2 жыл бұрын

Thanks for making this video ,I have a project regarding this topic

@learnandteach8127 Жыл бұрын

Very good helping video

@KillerChara177 4 ай бұрын

5 demand notes if u need em lol - rising the price will lower quantity demand of product. -lowering the price will increase the quantity demand product. -demand and demand quantity are different. -demand schedule shows a relationship between price. -different demand different "curve"

@tzveekaDOTcom 12 жыл бұрын

Thanks, but as a business owner how do I apply this? Usually for each priduct I only know the quality demand of one price, how do Iget the other quality demands?

@sarinx5 6 жыл бұрын

I HAVE A QUIZ ON THIS TOMMOROW

@johnormond4356 9 жыл бұрын

why is the audio in all of these videos only coming out of the left side?

@economicsandeconomy9179 2 жыл бұрын

good work

@bitoytoy6674 4 жыл бұрын

Very nice

@ninabobo2862 3 жыл бұрын

very good

@JerryQuocker 11 жыл бұрын

law of da man

@MengerMania 11 жыл бұрын

You have the math correct and the economics incorrect. Price is always a dependent variable (vertical axis), determined by the ratio of goods given (including money) to goods received. You described an "asking price" not a price. (Also, distinct from a bid or offer price.) Also, you can never know a demand schedule in advance. You can only hypothesize about demand based on experience.

@AuntieCheri 12 жыл бұрын

What is the next video in this series?

@CarlosSpicyweiner52 12 жыл бұрын

Good

@rodjensen6335 4 жыл бұрын

What is the "blackboard writing tool/technology" being used in this presentation? Will you please let me know? Thanks.

@JonnyKahann 12 жыл бұрын

i watch ur video jus for fun haha

@vxdeathlens 12 жыл бұрын

@safeinsuburbia lol... look at his credentials on Wikipedia, dude. Also, he was a hedge fund analyst and he decided to quit his job in order to teach. He's far more intelligent than you...

@sydneyalivizatos7820 Жыл бұрын

this is my second time taking macro economics in college and my teachers are never good. I always get it.. however when you get to the graphs and the math stuff i nbever understand and its frustrating

@naveenajojy4371 4 жыл бұрын

👌👌

@DJSt3v3n 12 жыл бұрын

wow, he even knows economics

@eatcarpet 12 жыл бұрын

@DJSt3v3n Well he used to be a hedge fund analyst.

@mannucute8348 7 жыл бұрын

spr

@yKsStudios 12 жыл бұрын

@DJSt3v3n He knows evertything.

@fareed471 3 жыл бұрын

what will happen to the price when demand will increase ?

@LucasFRodolfo 7 жыл бұрын

Please translate videos to PT_BR

@adamjensen7581 8 жыл бұрын

Isn't scenario E better as you would earn $110,000 more than scenario A?

@rajaram8892 7 жыл бұрын

Adam Jensen it would be 230000 not that go do some maths.

@valbrazilval 12 жыл бұрын

I´m gonna study that more

@Krishnasingh-hs7ed 4 жыл бұрын

What are the exceptions

@elstonecreation6402 3 жыл бұрын

is this correct? when the demand is high prices goes up, when demand is low prices go down?

@frankiepatron9834 Жыл бұрын

Tax increases mirror price infladtion

@muhammadsami1126 7 жыл бұрын

Very nice dear sir

@hishamalaker491 2 жыл бұрын

does the demand always have to be the ''Curve'' or not i am just wondering can anyone please answer me.

@samueladler9080 2 жыл бұрын

If Price,P, increase then the quantity demanded,Q, will decrease and if P decreases, then the Q will increase. Therefore the condition that will make this statement false is, P increases and Q increases, or P reduces and Q reduces too. It follows that if Q increases then P will increase , and if Q reduces P reduces too. Am I wrong?

@the3watt 12 жыл бұрын

Damn... Bummer this guy doesn't do game commentaries, he would be good....

@viks599 3 жыл бұрын

you are wrong here, price = f(quantity demanded)

@aarosen42 12 жыл бұрын

Khan 2012...wait...

@thephantom7035 3 жыл бұрын

@aravindvishal9504 5 жыл бұрын

Can explain a little more

@redstonebow7993 3 жыл бұрын

Chally getting sponsored by Khan Academy

@DigitizedSelf 12 жыл бұрын

BEEF up the price!!

@UnitedPebbles 12 жыл бұрын

Increase price doesn't nec. decrease demand. There are qualitative, need and desire, and other psychological factors such as: future look on price, overhead capacity, etc. Don't listen to this man and his free academy. Lol.

@UnitedPebbles 11 жыл бұрын

you mean assuming others stay constant? mind your Latin, man.

@frizbug8464 4 жыл бұрын

rick of rick and morty.

@GIGATHEBOT 4 жыл бұрын

i love linking this to communists on discord

@johnreypangaral4781 5 жыл бұрын

Who came here for the test?

@amirulhazim9424 5 жыл бұрын

god i hate my microeconomics lecturer

@crimson4066 6 жыл бұрын

Did not help

@keithallen2457 8 жыл бұрын

Now if only Bernie sanders supporters would only watch this video

@juliuscaesar9493 8 жыл бұрын

No. A video that would combat Sanders' economic views better is the video they have about the minimum wage and price floors. Of course, there are no relevant candidates representing strong economic philosophy (RIP Rand Paul campaign).

@DominionWolf 4 жыл бұрын

@@juliuscaesar9493 The only problem is people are so uneducated in economics that the combination of the Dunning Kruger effect and a misguided but legitimately passionately well-meaning dogma. And so the lemmings will not only run over a cliff, they will drag everyone with them too.