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.
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!!!!
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.
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.
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.
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
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!!!!
Thanks a lot, you saved me from almost droping from my class, I didn't understand until now!
I appreciate your help!
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.
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
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.
Thank you very much. I had difficulty understanding this equation but after watching your video, my problem is solved.
👍 👍👍 🙏 🙏 🙏 😘 very well explained. the best expression ever i saw in terms of details and speaking speed. 👏👏👏👏👏 10:28 also your accent is clear 👍
I can't believe it can be this good
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
What a great explanation!! Thank YOU for creating this lesson.
Holy hell!! My brain exploded! This was way easier to understand than my textbook.
Brilliant explanation of why q=a-bp represents linear demand equation 👏👏
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
Amazing work you're doing here Jason. Thanks and God bless
Can we use both the formulas to find slope Y=a+bX and Q=a+bP??
You are a gift from heaven! Thank you!
Thank you so much sir, wish you always happy and healthy
Thanks so much. You’re a life saver.
You saved my life, Prof..! thanks a lot..
gosh, this video explains better than my uni professor. Thanks so much!
Is it possible for us use the same quantity and price we used to find b to find be to find a?
This has REALLY helped so much!!! Thank you!!!!
Thank you for explaining this so well!
I will ace my mids all thanx to you 🙏🏾
Thank you for breaking this down! An excellent explanation.
Starts at 9:20
Thanks 🙏🏻 it was easy to understand..keep it up 👍🏻
Ulichikali boi.
Translation : You are Magnificent
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 .......
that handwriting is so neat :o
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 💯😌
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
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
If we have only demand function then how can we draw a demand schedule. And what price difference should be taken in schedule
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
Thank you so much! Very helpful!
If i have a equilibirum condition and demand equaltion can i derice supply function?
...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.
ur a good teacher ever💪👏👏
Sir, you are the best !
You helped me a lot
Thanks
You are from the bests
can we derive supply equation from demand equation, MR equation and MC?
Thank you! great explanation.
this guy is amazing
Econ is life
Such an easy explanation
Thank you! This helped me a lot.
thank you! This helped a lot! Also, "depependent" lol
😂
How.do. I get the economics done in California?
Good evening sir. Thanks a lot
Awsome, Just what I needed thanks mate
why the value of quantity demanded when the price of 1.5 change from 330 to 300?
Perfect explanation 👍
Thanks for your explanation
Logic explained precisely
Thanks a lott , it helped me very much 🙏🙏
Thank you🙏
Beautiful lesson, Thank U
what if there is no number attached to the demand schedule
How to fine the numbers of Q= a + b p
having a problem
can u help out
wow so glad i met you
This video just opened my mind , thanks alot!!
Tnx For Expaling This
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
Your the best thanks so much
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😐
How to solve Quantity Demanded and a given price??
That song in the beginning is really good
Thank you for the song!
Thank you and God bless
Thank you so much, kind sir! My textbook explains this horribly!
i agree
You saved my brain
thanks, you really been helpful ❤
Thank you so much
Thank you so much 🙆♀️🙆♀️🙆♀️
Clear! Thank you! ♥
Thanks A LOT................................................
Thank you so much 🤍🤍
Bravo 👏🏿
What's the name of the song in the Intro?
sir may i go to the restroom
How to get the price when it’s not given?
Thants was great thanks ❤
Thank you very much !!!!
title of your intro music pls?
thank you!!
Who else is vibing to the intro 😳
Thank you
Thanks
thank u sir!
good video thank you
i like the intro whtis the name of music
just nice bro