I am a university student from Bangladesh who was struggling with math and and math related syllabus for days. But thanks to you I am learning and clearing my terribly mixed up information on liner equation. No one was able to make me understand this topic as much as you did and I am very thankful for that.
Thank you Jason, from the bottom of my heart. I have spent hours and hours crying over economics. As a history student, i cannot do math, it is a foreign language to me, but this made understand how to actually calculate the demand function. I might actually pass now. I owe you my life, my sanity, my loyalty. I am forever in your favor. You are a saint, I shall think of you Jason, when the time has come to take my exam and once again thank my only true maths-saviour Jason Welker. Have a wonderful life.
You just saved me from a stroke! Went through a ton of videos and this is by far the one that is most straight forward and actually EXPLAINS everything without assuming. Thank you!
Thank you so much for this video - is was the absolute easiest explanation that I have heard for the demand function and it helped me TREMENDOUSLY on both my MBA homework and mid-term exam. THANK YOU!!!!
absolutely saved. had to learn this all by myself for a report and got stumped because every site i looked to left out the the crucial detail of “b” being the inverse of the slope
marvelous and so very great ....you know ,,,,for years i ve been finding and thinking about how to determined demand equation and for your astonishment even no book helped me like the way it should be taught in a book .....now after seeing your lecture i got complete idea ..........God bless you ........... you are great .......
the 'b' variable is always negative. 'b' = change in Q/change in P, which will be negative due to the inverse relationship between P and Qd. So the equation turns out to be Qd = a + (-b)P which is the same as Qd = a - bP.
may I ask given the example provided by our prof, I tried picking out any Q2 and Q1 from the QD and QS but the b (Q2-Q1/P2-P1) I'm getting is different whenever I tried using the other pairs
actually, both equations are same ( Q = a + bP) but the only difference depends upon b ( the slope). If b is negative its demand equation ( Q = a - bP) and if b ( the slope ) is positive it is supply equation ( Q = a + b P). Demand curve has a negative slope and the supply curve has a positive slope.
Good morning sir. Please explain rise and run again in simple way, similarly if price 1$ increase, how much does the qty demand fall using rise and run concept. Sir when price is decreasing and why do we say, it's rise rather we should say fell and run. Your comments please. Thanks and Regards Raja Aurangzeb from Lahore Pakistan.
This videos is an absolute diamond. I love the way you explained it without any assumptions or skips.
I am a university student from Bangladesh who was struggling with math and and math related syllabus for days. But thanks to you I am learning and clearing my terribly mixed up information on liner equation. No one was able to make me understand this topic as much as you did and I am very thankful for that.
Thank you Jason, from the bottom of my heart. I have spent hours and hours crying over economics. As a history student, i cannot do math, it is a foreign language to me, but this made understand how to actually calculate the demand function. I might actually pass now. I owe you my life, my sanity, my loyalty. I am forever in your favor. You are a saint, I shall think of you Jason, when the time has come to take my exam and once again thank my only true maths-saviour Jason Welker. Have a wonderful life.
ditto.
You just saved me from a stroke! Went through a ton of videos and this is by far the one that is most straight forward and actually EXPLAINS everything without assuming. Thank you!
7 years ago and yet still so helpful. i was stressing out, God bless you abundantly. you have no idea how much you're helping!
YOU ARE THE BEST FOREIGN LECTURER WHOSE EXPLANATION AND PRONUNCIATION ARE VERY CLEAR & EASILY UNDERSTANDABLE
Thanks a lot, you saved me from almost droping from my class, I didn't understand until now!
I appreciate your help!
Thank you so much for this video - is was the absolute easiest explanation that I have heard for the demand function and it helped me TREMENDOUSLY on both my MBA homework and mid-term exam. THANK YOU!!!!
JUST WOW! HANDS DOWN! EVERYTHING WAS EXPLAINED WELL!
YOU JUST LITERALLY SAVED ME FROM DROPPING MY ECONOMICS CLASS! Thank you soooooo much
This is THE Video every student should watch if they want get concept clear for demand supply curve. Thank you so much
Amazing work you're doing here Jason. Thanks and God bless
absolutely saved. had to learn this all by myself for a report and got stumped because every site i looked to left out the the crucial detail of “b” being the inverse of the slope
What a great explanation!! Thank YOU for creating this lesson.
Thanks...could not for the life of me figure out how to find the demand curve equation. 3-4 minutes after watching your clip and I'm all set.
I can't believe it can be this good
👍 👍👍 🙏 🙏 🙏 😘 very well explained. the best expression ever i saw in terms of details and speaking speed. 👏👏👏👏👏 10:28 also your accent is clear 👍
Brilliant explanation of why q=a-bp represents linear demand equation 👏👏
Ulichikali boi.
Translation : You are Magnificent
You are a gift from heaven! Thank you!
marvelous and so very great ....you know ,,,,for years i ve been finding and thinking about how to determined demand equation and for your astonishment even no book helped me like the way it should be taught in a book .....now after seeing your lecture i got complete idea ..........God bless you ........... you are great .......
I will ace my mids all thanx to you 🙏🏾
You saved my life, Prof..! thanks a lot..
Thank you very much. I had difficulty understanding this equation but after watching your video, my problem is solved.
Thank you so much! I was struggling to understand my professor with this topic. But finally, I get to know how to do the whole thing.
But isn’t the slope for demand is price over quantity
Thank you so much sir, wish you always happy and healthy
Thanks 🙏🏻 it was easy to understand..keep it up 👍🏻
Holy hell!! My brain exploded! This was way easier to understand than my textbook.
Good evening sir. Thanks a lot
Thank you so much!
Thanks so much. You’re a life saver.
Can we use both the formulas to find slope Y=a+bX and Q=a+bP??
This has REALLY helped so much!!! Thank you!!!!
Logic explained precisely
Such an easy explanation
Is it possible for us use the same quantity and price we used to find b to find be to find a?
Thanks for your explanation
gosh, this video explains better than my uni professor. Thanks so much!
ur a good teacher ever💪👏👏
Your the best thanks so much
Thank you for explaining this so well!
That song in the beginning is really good
Thank you for breaking this down! An excellent explanation.
Thank you🙏
this guy is amazing
that handwriting is so neat :o
Thank you and God bless
Econ is life
You helped me a lot
Thanks
You are from the bests
Thank you so much 🤍🤍
wow so glad i met you
Perfect explanation 👍
isn't it Qd = a-bP??
the 'b' variable is always negative. 'b' = change in Q/change in P, which will be negative due to the inverse relationship between P and Qd. So the equation turns out to be Qd = a + (-b)P which is the same as Qd = a - bP.
No you dumbo!!
Exactly 💯😌
Thank you for the song!
You saved my brain
Thanks
Sir, you are the best !
How.do. I get the economics done in California?
Hello! If quantity demanded is the dependent variable, why is it that it is on the x-axis instead of the y-axis?
same question
It is because that the graph of demand curve is based on the inverse demand function where quantity is taken as independent variable
Thants was great thanks ❤
Thank you! great explanation.
Thank youuuuu!
Thank you! This helped me a lot.
Thank you sir
Thank you so much! Very helpful!
If i have a equilibirum condition and demand equaltion can i derice supply function?
Thank you so much 🙆♀️🙆♀️🙆♀️
may I ask given the example provided by our prof, I tried picking out any Q2 and Q1 from the QD and QS but the b (Q2-Q1/P2-P1) I'm getting is different whenever I tried using the other pairs
...but isn't linear demand equation 'Q = a - bp' ? I think 'Q = a + bp' is for supply!
actually, both equations are same ( Q = a + bP) but the only difference depends upon b ( the slope). If b is negative its demand equation ( Q = a - bP) and if b ( the slope ) is positive it is supply equation ( Q = a + b P). Demand curve has a negative slope and the supply curve has a positive slope.
watch the whole video brother.
Bravo 👏🏿
Thanks a lott , it helped me very much 🙏🙏
Clear! Thank you! ♥
If we have only demand function then how can we draw a demand schedule. And what price difference should be taken in schedule
Beautiful lesson, Thank U
thank you! This helped a lot! Also, "depependent" lol
😂
just nice bro
why the value of quantity demanded when the price of 1.5 change from 330 to 300?
Tnx For Expaling This
can we derive supply equation from demand equation, MR equation and MC?
How to solve Quantity Demanded and a given price??
When I try to find the "a" variabel with Q100 and P2.5, the "a" variabel is 350.. Is that correct?
Dont think anyone is gonna reply tbh
Awsome, Just what I needed thanks mate
having a problem
can u help out
thank u sir!
Starts at 9:20
what if there is no number attached to the demand schedule
How to fine the numbers of Q= a + b p
Hellow...why did you only choose a price of 2 and quantity of 200
And not any other i.e. price os 1.5 and quantity of 300
Kindly explain
Thank you so much, kind sir! My textbook explains this horribly!
i agree
This video just opened my mind , thanks alot!!
good video thank you
Thanks A LOT................................................
title of your intro music pls?
thanks, you really been helpful ❤
sir may i go to the restroom
For some reason the problem I did had the Q on bottom and P on top
when Price and Demand are inversely related to each other, how could this equation Q = a + bP correct? Shouldnt it be Q = a - bP?
I’m confused myself😐
i like the intro whtis the name of music
Good morning sir. Please explain rise and run again in simple way, similarly if price 1$ increase, how much does the qty demand fall using rise and run concept.
Sir when price is decreasing and why do we say, it's rise rather we should say fell and run.
Your comments please.
Thanks and Regards
Raja Aurangzeb from Lahore Pakistan.
Module brings me here
What's the name of the song in the Intro?