When Demand and Supply Shift at the same time

Рет қаралды 12,606

4 жыл бұрын

Hi Everyone! In this video I discuss evaluating what happens to our market equilibrium when our demand and supply curves shift at the same time. Hope that it helps!

Пікірлер: 16

@ganymedehedgehog371 Жыл бұрын

Thanks so much! You do a great job going over these topics quickly. Really helps for midterm crunch

@econhelp_official Жыл бұрын

You're very welcome! I hope you did well in your midterm!! 😊😊

@HassanAhmed-wp3ot 10 ай бұрын

you're officially the first person who has successfully made me understand graphs in microeconomics😭

@econhelp_official 10 ай бұрын

Aw man, I feel this comment, I had no idea what was going on for the first 12 months and it sucked. Keep at it, it's just practice, you can get there :)

@user-cz7is3td2g 4 ай бұрын

I'm very appreciative

@mostafakoraiem9127 Жыл бұрын

Thank you, it helped me a lot understanding a difficult part in the syllabus.

@econhelp_official Жыл бұрын

I'm so glad to hear that! Thanks for the comment and good luck with your course :) :)

@reemaf7656 2 жыл бұрын

Thx so much that helped me a lot ❤️

@econhelp_official 2 жыл бұрын

No problem 😊

@jusufusillah8064 Жыл бұрын

Thank you ma’am 🥰

@econhelp_official Жыл бұрын

You’re welcome 😊 good luck with your study

@jonathanmukini4253 Жыл бұрын

Great job

@econhelp_official Жыл бұрын

Thank you! Much appreciated 🙏😊

@mayushasawant Жыл бұрын

Resolve the following: “The price of ice cream increased in the summer, yet quantity also increased. Therefore, the law of demand does not apply to icecream, so in this case demand was increased n also price dts y quantity increased right??

@mayushasawant Жыл бұрын

Please explain I'm getting confused

@econhelp_official Жыл бұрын

Hi! The key here is in the ceteris paribus assumption, the Law of Demand says that if price increases quantity demanded decreases but we have to hold everything else constant (ceteris paribus) - what it looks like here is that the price increase is due to a change in tastes and preferences - the demand curve has shifted to the right which has led to a higher price in the market and a higher quantity traded. So in the example we are not changing the price ceteris paribus, so it’s not a violation of law of demand. Does that help?