Have liked ur videos,they are clear to us the slow learners
@SS-kn5bg7 сағат бұрын
Its actually usefull. keep it up. economics is tots new for me.
@priyanshijoshi1394Күн бұрын
very good video very easy to understand👍👍👍
@yawonit._2 күн бұрын
Please explain demand and supply with price elasticity into details
@CandyBarnes-t8g2 күн бұрын
Martin Susan Clark Amy White Elizabeth
@Rockingthe80s3 күн бұрын
Thank you
@nosiphojiyane89844 күн бұрын
Thanks, you have made things easier for me.
@chandamandona19407 күн бұрын
Thankyou so much
@ThooryaRajapakshe8 күн бұрын
had to leave a comment cuz this really cleared my doubt. thank you
@Irene39.8 күн бұрын
Thank you, this is a great help. 🥰😇
@georgevalentine7809 күн бұрын
It was an excellent presentation.
@big_duck149 күн бұрын
Thanks so much sir 🙏
@ThinkEcon9 күн бұрын
You're very welcome!
@coleyamos11 күн бұрын
What is the current inflation rate based off of the 2022 inflation rate calculation criteria? (before they changed it)
@joshuacohen561813 күн бұрын
If you are paying off the loan every time is compounds, and the principal decreases, wouldn't that keep the effective interest rate near the nominal rate instead of being higher?
@ArdillaINC14 күн бұрын
Wait so for this we already have to know the second quantity? What if we know the price changes but we are trying to figure out what that will mean for quantity?
@spcshiznit19 күн бұрын
I love your videos, but there is an issue with this one. The MC curve is not a straight line, because it is actually in the shape of a parabola. So, the (base x height)/2 formula would not yield the correct answer because all of the legs of the triangle must be linear. You would need to use calculus to find the intergal under the MC curve between 3 and 4.5, and then subtract that from the value of the area under the demand curve from 3 to 4.5. The only way to do that would be to have an actual function for the MC curve.
@SedrickSupia20 күн бұрын
Thanks for your help
@ThinkEcon19 күн бұрын
You’re welcome!
@NosihleSlindokuhle-s7l22 күн бұрын
Very help full
@jorgeluiscapiello41423 күн бұрын
Russia poorer than Romania!
@KarenNgoma-jk8jg23 күн бұрын
Can you do more questions
@user-nb9ju7pp8u25 күн бұрын
Thanks ❤
@trixxpounce496227 күн бұрын
My prof said that "economicsts reverse the axes when graphing", so does this same rule apply for the supply? Is this "reversing the axes" what causes the function to be "flipped" or rewritten in that format with P= ..... ? I understand the math, but not the logic/reason for this, it would be greatly appreciated for the explanation. Also, don't understand why my prof wrote the red line for demand as D(P) and also wrote Quantity variable as D(P)
@ThinkEcon27 күн бұрын
So the logical reasoning is that we normally think of Quantity Supplied or Quantity Demanded as a function (dependent on) Price, and not the other way around. In other words, how much of a good people demand is based off the price of the good. We wouldn’t really say that the price of the good depends on demand (even though in some circumstances this may be true). Your prof writing the red line as D(P) is just them using function notation to say that Demand is a function of price. TECHNICALLY speaking, it’s incorrect notation as demand isn’t the variable, but rather, quantity demanded (Qd) is, but many profs write it informally as D(P). In my lectures I always write it as Qd(P) for my students to avoid confusion. Hope this helps! If not, let me know and I’ll attempt to elaborate some more!
@user-gy8lc5ld5r27 күн бұрын
Please can you help explain, 'exchange rates'. I need more clarification on this topic to be prepared for the final exam. Thank you 🙏
@VeritasDude29 күн бұрын
Great video. Follow up question: why would consumption happen at the shorter end when a price ceiling is initiated at a dusequlibrium price? With a lower price point, wouldn't the quantity demanded increase? And now that vendor has already sunk money into buying buses, wouldn't it want to offer more rides, especially more than 900 to recoup the costs or earn the same amount of profit it would have at 900 rides with a $3 price?
@ThinkEcon28 күн бұрын
What a great question! In introductory economics we present demand and supply as linear. In realism this isn't the case. So while in this illustration it may make sense for the seller to provide more services with a lower price, the rationale of the short-side rule is that the economic agent who is worse-off from the disequilibrium event (in this case, that's the seller) dictates the quantity amount traded in the market. The idea is that if the quantity supplied is too low, the price must be driven up to achieve equilibrium once again, benefitting the seller. However, in the case of government sanctioned price ceilings, what you suggest in your comment is actually what happens in the real world, and what is taught in economic models, unfortunately, does not always translate perfectly to the real world behaviours of buyers and sellers. Once again, a great question, and it really shows a higher level of understanding to even ask such a thing rather than simply taking it as a given.
@VeritasDude28 күн бұрын
@@ThinkEcon Thank you for providing the rationale behind the theory. Very well explained. Thank you and please keep these videos coming!
@AnnaSamuel-fp1qvАй бұрын
Thanks i really understand.
@ThinkEconАй бұрын
I'm glad to hear it!
@TheSquatOnYouTubeАй бұрын
Is there a way to skip the intro and get to the point?
@abdihakimibrahim-so6dlАй бұрын
Well done
@ThinkEconАй бұрын
Thanks!
@Nobod7yyhgjodАй бұрын
Very nice video, can you talk about the pros and cons of globalisation