AS-Level Economics - Video 9: Price Elasticity of Demand (PED)

  Рет қаралды 72,869

pajholden

pajholden

10 жыл бұрын

Video 9 out of 50 covering AS-Level Economics. This video covers the essential microeconomics concept of Price Elasticity of Demand

Пікірлер: 80
@bradleywilliams2610
@bradleywilliams2610 9 жыл бұрын
Paj is a merit good
@rheajain9061
@rheajain9061 8 жыл бұрын
+Bradley Williams aha best comment by far! :)))
@cottoncandyflossful
@cottoncandyflossful 9 жыл бұрын
So today I missed college because I was sick and the first thing that came to mind is to watch your video to catch up. Thank you for taking time to film all these! Wish that u are my teacher. Sending lots of love from Malaysia.
@syedeusoffaljunid4757
@syedeusoffaljunid4757 9 жыл бұрын
Wooooooo Malaysia! same here man. What University/collge are you in?
@michellelaw5334
@michellelaw5334 7 жыл бұрын
From msia too😂
@123snooky321
@123snooky321 7 жыл бұрын
I love the motivation, "Because you're an economist" 22:20
@lolly0758
@lolly0758 7 жыл бұрын
I know it's 2017 and I am watching this video but can I say Sir your incredible! Thankyou for your work, you don't owe us students anything but you took your time to make these videos and they are amazing and help us so much! Thankyou!
@liampenny9077
@liampenny9077 8 жыл бұрын
Mr Holden, you sir are a top don. Thank you.
@etiendemharry-cliffn9997
@etiendemharry-cliffn9997 Ай бұрын
This is amazing. I am really filled with knowledge after watching this video.
@sydvertigan3937
@sydvertigan3937 10 жыл бұрын
Wish you were my teacher! Thanks for this video!! :)
@melainekamdem8534
@melainekamdem8534 9 жыл бұрын
Thank you sir, am grateful for what you do for a student like me it really helps me especially when i dont understand in class. God bless you thank you
@levicissijuice
@levicissijuice 10 жыл бұрын
this is really extremely helpful! thank you so much!! best teacher ever!
@zombiespaz1
@zombiespaz1 10 жыл бұрын
I'm currently studying AS economics and i struggle a great deal with the maths side of things, but understand the theory most of the time; thankyou so much for creating these videos it really has helped me a great deal :)
@DanCave
@DanCave 10 жыл бұрын
Interesting
@DanCave
@DanCave 10 жыл бұрын
Can you name five items where price elasticity of demand are not affected grately?
@zombiespaz1
@zombiespaz1 10 жыл бұрын
If you mean services or products which are inelastic then: electricity services, petrol, milk, water, toilet paper. These are necessary to everyday life. Therefore elasticity doesn't occur in price...I think that's right
@taufiqzainudin9154
@taufiqzainudin9154 7 жыл бұрын
Thank you so much this saved me because I missed the important lessons on this topic. God bless you
@chikineeter
@chikineeter 10 жыл бұрын
I wish I could shake your hand
@benedictfung3934
@benedictfung3934 7 жыл бұрын
LOL
@hazeljanestronach3051
@hazeljanestronach3051 9 жыл бұрын
thank you this really helped, and especially for the tip at the end as I always say the good and not the demand for the good :D
@prasadaniewelgama6178
@prasadaniewelgama6178 5 жыл бұрын
Sir, ur conclusion was great
@fernandaverdon-roe338
@fernandaverdon-roe338 9 жыл бұрын
this is simply the best thing for revision, thank youuuuuu
@manchunwong3403
@manchunwong3403 9 жыл бұрын
thx so much , your explanation was simple. I really enjoy the way how you apply the concept to reality
@CombatTriangle
@CombatTriangle 9 жыл бұрын
Awesome video!
@NatStam1845
@NatStam1845 10 жыл бұрын
Thank you so much, this has helped me so much!
@KwikTele
@KwikTele 9 жыл бұрын
Such a good video on a key part of economics
@MissAsh987
@MissAsh987 10 жыл бұрын
I love your videos, learn more from your videos than I do in my lesson
@sumeshinnaicker2626
@sumeshinnaicker2626 2 жыл бұрын
Its now 2022 and this video still helped a lot!
@GiulioGraziano
@GiulioGraziano 4 жыл бұрын
Good job, thank you so much !
@michelsamuel1005
@michelsamuel1005 9 жыл бұрын
You're the man...wish you was my teacher
@emilynstevenson3152
@emilynstevenson3152 10 жыл бұрын
you my friend are saving my ass for my econ mid term tommorow. I thank you dearly
@MissBooAngel101
@MissBooAngel101 9 жыл бұрын
Thank you sir! Please keep uploading videos >
@atiaauzim1234
@atiaauzim1234 9 жыл бұрын
nice explanation
@randomuser405
@randomuser405 9 жыл бұрын
Thanks a lot for this video
@JellyBabesXo1
@JellyBabesXo1 10 жыл бұрын
Great vid I'm hoping you could do some exam practice very specific such as OCR
@seojinxian
@seojinxian 10 жыл бұрын
thank you so much, sir.
@joshwilliams4285
@joshwilliams4285 8 жыл бұрын
great help
@amnini1
@amnini1 10 жыл бұрын
thank you for this video
@Arr96Bee
@Arr96Bee 10 жыл бұрын
darn it, I take my AS Economics exam during the October/November exam period. WHY COULDN'T YOU HAVE MADE THIS SERIES SOONER ?! :(
@jacksampson7752
@jacksampson7752 10 жыл бұрын
This is great! and you also look like you could be Morrisseys brother :-)
@MrBoliao98
@MrBoliao98 9 жыл бұрын
I'm struggling with A level economics, thanks for the help
@San-xc3gu
@San-xc3gu 4 жыл бұрын
Don't worry you'll do well
@finisher489
@finisher489 9 жыл бұрын
Economics God!
@alba5198
@alba5198 10 жыл бұрын
tyyy
@shaanahmed1668
@shaanahmed1668 9 жыл бұрын
Isn't Demand for Coffee elastic since it's substitute is tea?
@dhruvsingh97
@dhruvsingh97 10 жыл бұрын
Thanks
@wardvandijck1963
@wardvandijck1963 6 жыл бұрын
Is it possible to make an estimate about the demand being elastic or in-elastic when there is given that the quantity demanded drops and therefore the price rises? ( so the opposite way). And is a fast drop in quantity demanded equal to a big drop in quantity demanded ?( so an elastic demand) thanks for your answer!
@prasadaniewelgama6178
@prasadaniewelgama6178 5 жыл бұрын
👍
@ETH92
@ETH92 8 жыл бұрын
can someone explain how he simplifies the numbers please. Why does he get rid of the zeros and half the numbers??
@lukepettican6611
@lukepettican6611 10 жыл бұрын
Hi, have you got any videos on Unit 2 of the course?
@DeanFirth
@DeanFirth 7 жыл бұрын
Where do we get these 1€ motorbikes?!!!
@coolboy1495
@coolboy1495 10 жыл бұрын
could you please do A2 videos I really find your videos helpful
@allemaiqbal6576
@allemaiqbal6576 10 жыл бұрын
Could you please do some A2 vids, would be extremely helpful, thanks paj :)
@raicattivo
@raicattivo 2 жыл бұрын
Certified Hood classic
@IBU113T5
@IBU113T5 8 жыл бұрын
My man pajholden
@Ulfberht59
@Ulfberht59 9 жыл бұрын
when you put the first ped question into the calculator without simplifying you get -4 so im confused now.
@MrOzzy281
@MrOzzy281 9 жыл бұрын
***** That's the percentage, u need to divide by 100 to get it into decimal.
@nxyanka
@nxyanka 8 жыл бұрын
Could someone please explain to me how he got the 25% in terms of percentage change in price?
@franciscoandaibarra4581
@franciscoandaibarra4581 8 жыл бұрын
+Nayanka Singh [(10000-8000)/8000]x100=25
@nxyanka
@nxyanka 8 жыл бұрын
Francisco Anda Ibarra Thanks !
@wavestatic
@wavestatic 10 жыл бұрын
Can we have a copy of the slides in the video please?
@laylat9337
@laylat9337 7 жыл бұрын
The first example of PED for the percentage chage formula isn't $8 to $10 a 20 percent change ?????
@jeremy6435
@jeremy6435 7 жыл бұрын
No, percentage change of the price is "(new price-original price) / original price" so it would be "($10-$8)/$8" which is $2/$8. That is equivalent to 0.25
@laylat9337
@laylat9337 7 жыл бұрын
oh.... that makes sense, I thought 10 was the original. thank you
@trthto1
@trthto1 8 жыл бұрын
So are they always minus but you ignore that
@ralphtetenburg4200
@ralphtetenburg4200 8 жыл бұрын
yh you take the absolute value because that looks nicer i guess haha. Its just the negative has no significance so might as well leave it out. In XED for example the negative sign plays a large role.
@SkinnyMali
@SkinnyMali 8 жыл бұрын
Failed this bullshit anyways loooool found this again on my watch later list probably from years ago.
@lloydbanks2k6
@lloydbanks2k6 7 жыл бұрын
Alonzo Harris what did u get?
@SkinnyMali
@SkinnyMali 7 жыл бұрын
Joshua D I think I got an E
@Clique47
@Clique47 7 жыл бұрын
PAJ is a subprime loan
@mbujjebenjamin1482
@mbujjebenjamin1482 7 жыл бұрын
shaan your right the demand for coffee tends to be elastic because coffee and tea serve the same purpose.
@Riddersmate
@Riddersmate 8 жыл бұрын
P.A.J.
@mohamedadam2656
@mohamedadam2656 9 жыл бұрын
1 week and 2 days worst when you try cramp all the videos and your teacher cant teach stressss..
@RowanBoc
@RowanBoc 6 жыл бұрын
Paj is a nonce
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