Kathlyn I don't, though the lesson is similar to that of the demand curve in that moving along the curve tracks changes in quantity supplied (by the supplier) as the price changes, holding everything else constant. This is sometimes described as a change in the willingness to supply, depending on the text you are using. Everything else that affects supply is going to be a shift. Shifts change the relationship such that at each price more or less will be supplied at that price. Interestingly, shifting the supply curve vertically up corresponds to a decrease in supply for this very reason (you can draw yourself - shift it up and hold the price fixed and see at the higher curve, less is supplied at any given price). The factors that shift supply concern the costs of production (I'm not sure if you are there yet with your course but ultimately, with supply curves, we are talking about costs of production, in particular marginal cost). Good luck, and I'm sorry I haven't got a supply video out yet to show these points. Time is indeed a scarce resource! (Econ joke - kind of - but lame haha)
You all probably dont give a shit but does anybody know a tool to get back into an instagram account?? I was dumb forgot the password. I would love any help you can offer me
@Christopher Jeffery i really appreciate your reply. I got to the site thru google and Im in the hacking process now. Looks like it's gonna take a while so I will get back to you later when my account password hopefully is recovered.
I'm not sure, but what an interesting question!! The placing of P on the vertical and Q on the horizontal is a common, related, question. I think I should make a video about this in the future!
Movements along the demand curve are only ever due to changes in the price of the good itself. Any other change that affects the demand relationship will be a decrease or increase in demand and can be modelled via a shift.
@@shreyagupta7570 movements along the demand curve are due to change in price (change in quantity demanded). Other things like income changes, changes in tastes and preferences and the changes in prices of substitutes or compliments will shift the curve (change in demand). Does that help?
spending two hours reading textbook and not knowing shit about it but you helped me in 4 minutes.
I'm so glad! Good luck with your study, you can do it!
Short and sweet! Thank you!😊
You’re welcome 😊 Thanks for the comment! :)
Thank you so much 😊 I have a test next week and this really cleared it up for me
I'm so glad! You're so good for studying so early and not leaving it until the last minute, good luck with your test! x
excellent excellent. I was not unable to understand the differences based just on my textbook. Thank you!
You are welcome! Yeah I find text books often aren't helpful on this point!
thank you so much you just saved me on my macroeconomics midterm. :)
Excellent! Hope you aced it :)
Super concise and helpful video
Thanks for the comment!! I hope that your study went well! :)
Thank you…excellent explanation
Thank you so much! Good luck with your study! xx
Video is really nice and informative
But please speak loudly in the next videos
❤ from Bangladesh 🇧🇩
Thank you for the nice comment and feedback ❤️👍
simple good video. Thanks!
Glad you found it helpful! Thanks for the comment!
THANK U QUEEN!
You a real one, I was so lost
It can be confusing! Thanks for the comment and good luck with your study! 😊😊
So only the price change creates movement along the curve? And all the other factors like taste etc shifts the curve?
Yep :)
aaa I have a test in my macroeconomics class tomorrow and this vid is super helpful, and makes the concept easy to understand, tyyy
Good luck! I hope the test goes well!!
Thanks for this! Do you have a video also for supply curve? :)
Kathlyn I don't, though the lesson is similar to that of the demand curve in that moving along the curve tracks changes in quantity supplied (by the supplier) as the price changes, holding everything else constant. This is sometimes described as a change in the willingness to supply, depending on the text you are using. Everything else that affects supply is going to be a shift. Shifts change the relationship such that at each price more or less will be supplied at that price. Interestingly, shifting the supply curve vertically up corresponds to a decrease in supply for this very reason (you can draw yourself - shift it up and hold the price fixed and see at the higher curve, less is supplied at any given price). The factors that shift supply concern the costs of production (I'm not sure if you are there yet with your course but ultimately, with supply curves, we are talking about costs of production, in particular marginal cost). Good luck, and I'm sorry I haven't got a supply video out yet to show these points. Time is indeed a scarce resource! (Econ joke - kind of - but lame haha)
You all probably dont give a shit but does anybody know a tool to get back into an instagram account??
I was dumb forgot the password. I would love any help you can offer me
@Reuben Henry Instablaster :)
@Christopher Jeffery i really appreciate your reply. I got to the site thru google and Im in the hacking process now.
Looks like it's gonna take a while so I will get back to you later when my account password hopefully is recovered.
@Christopher Jeffery it worked and I actually got access to my account again. Im so happy:D
Thank you so much you really help me out!
Thank you SO MUCH
Welcome! Thanks for the comment 😄
Good explaination Thanks!
Thanks! Glad it was helpful!
Amazing. Thank you.
Thank you! I really appreciate the comment! Good luck with your study :) :)
So good thank you
Thank you too! :)
very helpful, thanks a lot
Glad it helped! Good luck with your study :)
thanks
No problem! Hope the study went well!
it is clear that a price defines quantity demanded, but I wonder if (vice versa) the quantity demanded defines a price
I'm not sure, but what an interesting question!! The placing of P on the vertical and Q on the horizontal is a common, related, question. I think I should make a video about this in the future!
Can I ask wat factors can cause a movement along a demand
Can substitute price influence it or consumers income
Movements along the demand curve are only ever due to changes in the price of the good itself. Any other change that affects the demand relationship will be a decrease or increase in demand and can be modelled via a shift.
@@econhelp_official so..both the shift in demand curve and movement in demand curve depends on the change in price right.?
@@shreyagupta7570 movements along the demand curve are due to change in price (change in quantity demanded). Other things like income changes, changes in tastes and preferences and the changes in prices of substitutes or compliments will shift the curve (change in demand). Does that help?
@@econhelp_official oh okay! Thank you so much for clearing my doubt.!😊
thanks
You're welcome! Hope your studies went well! ❤️