Chapter 4: Supply and Demand - Part 2

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  • เผยแพร่เมื่อ 30 ต.ค. 2024

ความคิดเห็น • 71

  • @annamaniego4667
    @annamaniego4667 3 ปีที่แล้ว +24

    My gosh, this is gold! Thank you for sharing your expertise. I am smiling while learning! Unbelievable.

  • @Fulfillingresolutions
    @Fulfillingresolutions 3 ปีที่แล้ว +16

    They way you teach you deserve views and likes in millions !!!!

  • @firdosberhanu7932
    @firdosberhanu7932 4 ปีที่แล้ว +29

    Thank you so much, the lecture was great and learnt more than my own class

    • @DrAzevedoEcon
      @DrAzevedoEcon  4 ปีที่แล้ว +5

      Glad to help!

    • @berkeoksuz-vb2xi
      @berkeoksuz-vb2xi 3 หลายเดือนก่อน

      @@DrAzevedoEcon would you recommend me any website for practising my exam

  • @JennaKowalyshen
    @JennaKowalyshen หลายเดือนก่อน

    Thank You so much for how you explained everything. It actually makes sense compared to reading the textbooks.

  • @linhha4096
    @linhha4096 23 วันที่ผ่านมา

    I'm very grateful for all of your lectures! I've just started my Principles of Microeconomics course and this is gonna be such a great preparation for me when I attend classes

  • @enesdeligoz4212
    @enesdeligoz4212 2 ปีที่แล้ว +4

    it was the most amazing lecture that I've ever watched, I enjoyed thank you Sir

  • @GirinSofia
    @GirinSofia 4 หลายเดือนก่อน +1

    Thank you so much professor, thanks to your videos I passed my exam. Hello from Seoul

  • @sarasbissi5544
    @sarasbissi5544 2 ปีที่แล้ว +32

    Me watching this ar 1.5 speed and understanding and not able to understand my uni professsor at 1* speed

    • @maithole9146
      @maithole9146 9 หลายเดือนก่อน +1

      Lol sameee

    • @karansohi4974
      @karansohi4974 7 หลายเดือนก่อน +1

      Sooooo true 😂😂

    • @Mother-b9h
      @Mother-b9h 4 วันที่ผ่านมา

      😂

  • @WijthaGayan
    @WijthaGayan 2 ปีที่แล้ว +5

    Thank you so much for these videos! Very helpful for revising; clear, well delivered points
    Keep it up!

  • @vrindamehta2737
    @vrindamehta2737 2 ปีที่แล้ว +3

    thanks for your effort of taking your time and making such detailed and easy to understand lectures....

  • @isaacsalonga
    @isaacsalonga 2 ปีที่แล้ว

    Thank you so much for your wonderful lectures, in from Hong Kong at a university here but your lectures are my go to to understand the whole concept. 👏🏽🤩

  • @MrAzizhamd
    @MrAzizhamd หลายเดือนก่อน

    You make it easy for us ❤thank you for your time

    • @DrAzevedoEcon
      @DrAzevedoEcon  หลายเดือนก่อน

      You're welcome! Thanks for watching.

  • @teddye4035
    @teddye4035 ปีที่แล้ว +1

    Thank you very much for your explanations! I really appreciate it!

  • @sethhhh
    @sethhhh 10 หลายเดือนก่อน +1

    - Selera, anggap saja hal ini berkaitan dengan apa yang di sukai atau tidak sukai dapat dipengaruhi oleh iklan, teman, atau hasil yang mengatakan bahwa memakan hot dog sebelum mereka ujian akan membuat mereka mendapat nilai yg baik
    - Ekspektasi terhadap masa depan, misalkan ada suatu produk yang anda harapkan untuk mengalami kenaikan yang lebih tinggi dimasa depan
    - Populasi, bisa kita katakan jumlah pembeli dipasar
    Faktor penentu diatas akan menggeser kurva permintaan ke kiri atau ke kanan yang akan menggeser kurva permintaan pasar

  • @ndumiz91zwane4
    @ndumiz91zwane4 ปีที่แล้ว

    Am starting to love and enjoying economics thank you Sir

  • @tejasdhabu5176
    @tejasdhabu5176 3 ปีที่แล้ว +1

    Thank you so much professor. Your videos help me out a lot...

  • @hassanboudraoui2082
    @hassanboudraoui2082 2 ปีที่แล้ว +1

    Thank you so much , this lecture is a great one , really like it .

  • @Relaxxbois
    @Relaxxbois 3 หลายเดือนก่อน

    This teacher teaches better than my IIM professor !

  • @kalvinwells05
    @kalvinwells05 9 หลายเดือนก่อน

    Thank you sir, I enjoyed so much the lecture !

  • @laseng8199
    @laseng8199 11 หลายเดือนก่อน

    It helped alot. Thank you so much professor.

    • @DrAzevedoEcon
      @DrAzevedoEcon  11 หลายเดือนก่อน

      Great! You're welcome!

  • @sibahlemoyikwa2052
    @sibahlemoyikwa2052 3 ปีที่แล้ว

    Thank you so much, this lecture simplified everything.

  • @quynhtrang1764
    @quynhtrang1764 2 ปีที่แล้ว

    Thank you so much for the lecture, it helps me a lot!

  • @rouda8136
    @rouda8136 2 ปีที่แล้ว

    Lifesaver. Thank you!

  • @17-huaneohuychuong67
    @17-huaneohuychuong67 6 หลายเดือนก่อน

    thanks so much, this lecture help me a lot

  • @fabriceannea
    @fabriceannea 2 ปีที่แล้ว

    Thank you so much for this sharing

  • @asraansari2294
    @asraansari2294 2 ปีที่แล้ว

    Perfectly explained 👍

  • @meghagupta7666
    @meghagupta7666 4 ปีที่แล้ว +1

    This was so helpful. Thank you sir.

  • @habibshakil6285
    @habibshakil6285 2 ปีที่แล้ว

    Damn that was fire, i have exam tomorrow , i am gonna crush it. Everything seems easy now

    • @DrAzevedoEcon
      @DrAzevedoEcon  2 ปีที่แล้ว +1

      Good luck with the exam!

    • @habibshakil6285
      @habibshakil6285 2 ปีที่แล้ว

      @@DrAzevedoEcon I aced the exam, Thank you so much for the good work.

    • @DrAzevedoEcon
      @DrAzevedoEcon  2 ปีที่แล้ว

      @@habibshakil6285 Great job!

  • @shima7017
    @shima7017 2 ปีที่แล้ว +2

    Thank you for this amazing lecture.
    I have a question, at 51:00, in this example decreasing in hotdog's bun could shift the supply curve to the right too. because as you mentioned earlier in this chapter changes in prices of substitutes can shift both supply and demand curve. am I right?
    thank you in advance.

    • @DrAzevedoEcon
      @DrAzevedoEcon  2 ปีที่แล้ว +2

      Not in this case. Changes in the price of a substitute in consumption will shift the demand curve only. You may be thinking about substitutes in production, but that is different. A substitute in production is an alternative product that a producer can produce. For example, consider a business that makes ice cream cones and hot chocolate. Those are substitutes in production, and the firm can switch between them depending on the profitability of each. In our case we are talking about substitutes (and complements) in consumption.
      You might also have been thinking about changes in input prices. Consider a firm that makes hotdogs (not the buns, just the meat). Buns are not an input into the production of the meat, so a change in the price of buns will not have any impact on the supply curve for the meat.
      I hope that answers your question.
      Dr. Azevedo

    • @Mohdsadiqgq
      @Mohdsadiqgq 2 ปีที่แล้ว

      @@DrAzevedoEcon thank you sir for all the efforts you did making these videos. Sir please continue this series again i can't find quality content like this anywhere.. sir please complete welfare economics and factor pricing too.
      Thank you sir
      Mohd Sadiq

  • @prachigambhir3063
    @prachigambhir3063 2 ปีที่แล้ว

    so helpful cant thank u enough 😊

  • @xkanekiken
    @xkanekiken ปีที่แล้ว

    thank you SIR for ur effort ☺♥

  • @Shalommmm
    @Shalommmm 5 หลายเดือนก่อน

    Thank You

  • @ulvumustafayev1823
    @ulvumustafayev1823 ปีที่แล้ว

    Thank you so much for precious explanation. I am wondering that which determinant causes supply and demand curve to shift at the same time? Can We say prices of supplementary/complementary/related goods shifts those two curves simultaneously?
    For example, in hotdogs market, increasing prices in hotdog buns can shift supply and demand at the same time? Because in that case suppliers want to put more inputs in hotdogs buns(related goods) and buyers want to buy more of hotdogs (complementary). In that situation, supply for hotdogs will shift to left as opposed to demand for hotdogs will shift to right . Am I right?

    • @DrAzevedoEcon
      @DrAzevedoEcon  ปีที่แล้ว +3

      Yes, you could have something like you have described that shifts both the demand and supply curves. In your example, the firm would have to be producing both hotdogs and hotdog buns. However, you need to change your example to have demand decrease. If hotdog buns get more expensive people will buy fewer buns (decrease in quantity demanded), which will cause a decrease in demand for hotdogs.
      I tend to stay away from things that shift both curves when I am teaching. I like to focus on one thing at a time. Another example of something that can shift both curves would be expectations about future price.

  • @AHMADALI-ww3ys
    @AHMADALI-ww3ys ปีที่แล้ว

    Thanks, is very good

  • @balnure8730
    @balnure8730 7 หลายเดือนก่อน

    Thank you so much😊

  • @Palaksaini111
    @Palaksaini111 6 วันที่ผ่านมา

    Sir at 53:50 the supply curve should be shifted towards left bcz it supply is increasing. Right??

    • @DrAzevedoEcon
      @DrAzevedoEcon  6 วันที่ผ่านมา +1

      No...a leftward shift in the supply curve is a decrease in supply and a rightward shift is an increase. Here's the part of the video where I talk about it:
      th-cam.com/video/JcN4dBoerwc/w-d-xo.htmlsi=zv86JVd8jnjTdAsL&t=2718

  • @CarmenScharffenorth-o8t
    @CarmenScharffenorth-o8t ปีที่แล้ว

    My understanding is that a change in price for hotdogs will increase demand along the curve and there will be a shortage of supply, and there will be incentives for the seller to drive up the price as there is a high demand until the new equilibrium is met. The price of a good does not cause a shift but rather a movement along the curve. Is my understanding incorrect? please help!

    • @DrAzevedoEcon
      @DrAzevedoEcon  ปีที่แล้ว

      If we think about the basic demand/supply model, the price is determined by the intersection of the demand and supply curves. This is the only place where the quantity demanded and quantity supplied are the same....so there is no incentive for anyone to change the price. We can suppose that price is lower than the equilibrium, and then think about what will cause it to rise back to equilibrium. If price is lower than the equilibrium price, then quantity demand will be bigger than quantity supplied. In other words, there will be a shortage of the good. In that case, sellers will have an incentive to increase price. This incentive will not go away until price has been increased to the equilibrium. Sellers will stop increasing price at that point because they are selling the quantity they want to sell. You are correct, that neither curve will shift in this process.

  • @nikhilshah8883
    @nikhilshah8883 10 หลายเดือนก่อน

    wouldn't the increase in the price of hotdog buns be a supply shifter as its an increase in input prices and would decrease the supply for a while (leftward shift). please explain this sir.

    • @DrAzevedoEcon
      @DrAzevedoEcon  10 หลายเดือนก่อน

      I'm not sure I'm understanding your question. If not, feel free to ask again. If you are talking about a restaurant that purchases buns as an input and then puts a hotdog in the bun, then yes, an increase in the price of buns would be an input price for that good (hotdog in a bun). However, if you're talking about the supply curve for the sellers who are selling only the hotdogs themselves (packages of hotdogs), then no, the price of buns would not shift the supply curve. The price of buns would be a demand shifter because the hotdog and bun are complement for consumers.

  • @giorgipachuashvili2173
    @giorgipachuashvili2173 2 หลายเดือนก่อน

    Where is other videos ? From chapter 4 to chapter 9?

    • @DrAzevedoEcon
      @DrAzevedoEcon  หลายเดือนก่อน

      Right here:
      th-cam.com/play/PLTjEimbqDkpBL55W6wye1jTcYePjehkT3.html

  • @nehanthv4238
    @nehanthv4238 ปีที่แล้ว

    11:50

  • @АлександрРусаков-в4с
    @АлександрРусаков-в4с 28 วันที่ผ่านมา

    Hall Gary Lewis Edward Perez Ronald

  • @7la.A
    @7la.A 10 วันที่ผ่านมา

    16:02

  • @levimiller9367
    @levimiller9367 2 ปีที่แล้ว

    at 30:16 he gets a green mustache 😆

    • @Mohdsadiqgq
      @Mohdsadiqgq 2 ปีที่แล้ว +1

      You have a good sense of humour😂😂