There is no word in the English language that could ever amount to the gratitude I feel towards you, Econplusdal. You didn’t just save my grade; you saved my life.
the X axis is labelled as 'quantity' and the demand curve is labelled as 'Demand' (y axis is labelled as 'price' ; typical supply and demand model). So, when you pick a point from the demand curve and translate it to the x axis it combines both terms creating 'quantity demanded'. Hope this helps
I REGARD you the father of economics, even greater than adam smith
Adam smiths books alright but he isn’t as hot
Bold Statement
the beauty of the division of labour, Dal has become an expert in teaching economics and his camera man an expert in producing high quality images. :D
@@jacobparker1105 i agree peter.....
facts
There is no word in the English language that could ever amount to the gratitude I feel towards you, Econplusdal. You didn’t just save my grade; you saved my life.
Why has this taught me more than my own teacher has in an hour of a lesson. Damn
I've just started my economics A level and i feel an A* on the way from watching your video. Thank you
3 months on, how’s it going?
@@EternalShadow1667 probably great if he doesn't need the videos anymore
what did you get in the end
He failed and now works as a cashier in a corner shop.@@hustler-music
this guy is a freaking legend - carrying the squad
Brilliant explanation . Simply Inevitable
Perfectly explained ty..it'll help me to prepare for my acca f1 paper.
Q before you yeet
Can u please show us how to build arguments in an essay please
Thank you so much. I neeeded a lecture on YED.
Awesome dude remember Q BEFORE U PEE!!
😮😮 the father of economics q b4 u p
Honestly thank you so much!!
Will you be predicting what may come up in this years edexcel economics papers? Great videos, really helpful and entertaining - I'm hooked!
josh taylor second that mate 😂
@@freddiei123 third that mate
@@ahmedbenhariz8694 fourth that mate
@@arulgk9673 fifth that mate
@@uniqueunonymous1055 sixth that mate
thanks dal. another lovely video
Hahahahahhhhaahahh fan girl
Good
Hi sir, if the YED is negative but greater than -1, can we say that it's a luxury good or does that only apply to postive YEDs?
it only applies to normal goods as you cant have inferior luxuries
then giffen good has what type of YED
Many thanks.
how do people not get mixed up between the elasticities
Just dont be dum 😁
Maybe try using quizlet, it’s magical for remembering specifics such as this
@@animehub1611 bit ironic
❤more love
Thank you!!
Shouldn’t it be responsiveness of demand not quantity demand as income can shift the demand curve? Please reply
the X axis is labelled as 'quantity' and the demand curve is labelled as 'Demand' (y axis is labelled as 'price' ; typical supply and demand model). So, when you pick a point from the demand curve and translate it to the x axis it combines both terms creating 'quantity demanded'.
Hope this helps
In my first year of A-levels. Please like this comment if it's been a few years, so I can remember my past 😊!
Do YED, XED and PES also vary along the curve like PED?
Yes
Thank you so so much!
All you need to know is that for money u got to back it with labour or production.. that’s economics
So helpful!!!!
4:29 I'm bad at maths can someone explain the 40%
100 - 60 = 40
40 divided by original = 0.4
( 40 / 100 = 0.4 )
0.4 x 100 = 40
Just follow the formula he gave
( Difference / original x 100 )
Khan Academy on top
inspired
Is profit elasticity of demand the same as income elasticity of demand?
Dislike Galdwin