I would just like to say that I thoroughly enjoyed this diagram not because of the information provided but rather the penmanship this man has. That is some fine penmanship.
I'm in uni now, taking an econ course. Coming to one of Khan Academy's videos has brought back memories of how much I used to watch these videos for functions in high school!!! Wow! This channel and guy is simply amazing. Constantly helping so many people.
I used to watch his videos on multi-variable calculus for the Advanced Calc course in my high school for the SATs, and boy were those videos so good and helpful! I even watched the ones that one of his good friends Grant Sanderson (who has his own very reputed YT channel by the name 3Blue1Brown) do his explanations for Sal or sometimes they would collaborate in a single video. Imagine that - two brilliant folks explaining all the juicy math stuff.... it was a bliss!
you are amazing !! do you know that my whole class at an International business school in The Netherlands passed the economy exam thanks to u ? ! please keep making videos !! thanks again
WARNING: There's a mistake in this video at 8:14. He says, "As you decrease the price, what's going to happen to the demand curve? Well, the demand is going to go up." This is incorrect. A change in the price will not affect the demand curve at all. What will change is the *quantity demanded*. "Quantity demanded" will go up, but "Demand" (i.e., the Demand Curve) will stay the same. This is an important distinction that frequently trips up students. Be careful. I'm sure Mr. Khan knows that distinction; he probably just misspoke.
He meant to say about the expansion of the demand curve due to decrease in price and the curve in terms of expansion or contraction does not move. To it is a minute discussion that can easily be digested using common sense
simply the best video for the equilibrium , shortage surplus chapter. This video helped so much, i managed to get an A in microeconomics and carry my colleagues in my class too.!
khanacdemy, thank you so much for all of ur tutorials. ur the best tutor that i've had in my entire life and oh my god.. ur service is free! i don't know how to thank you because these videos helped me a lot to understand the economic idea, and i can learn with so much fun. Thank u so much. thank you thank you thank u. I love u!
Khan, God bless you. Am a first year university student in Germany but can not understand my lectures, the language is terrible. Imagine I spent two years learning Deutsch in Uganda before I came Germany to start my studies but still, cannot understand my lectures! So what I have decided to do is to follow your lectures, both Math and Economics. Hope it will help me ! Thanks once again for helping people like me.....
I will be answering my Igcses next year, and just started taking up Economics, i missed my class when teacher taught about market equilibrium, and i didnt understand when she tried to explain it to me back But i found your video and this explained the topic better and now i understand the topic well, i know its been 8 years since this was first uploaded but thankss ❤
thank you too much for this videos. I am reading economics on the universty and i always watch makroeconomis and microeconomis video on the khan academy, because they are so informative. Thanks to it my microeconomics exam is 95...
multi-talented man! I taught you teach math only but you do both economics and environmental system too. Worth to watch. Every time I dont understand, I will come to watch your videos.
It was stupendously helpful for me. I was struggling with this 'equlibrium' concept for the last few weeks. This video helped me understand the nitty-gritties of the concepts. Thanks Khan Academy!
I've been banging my head against the wall for the past hour trying to understand this concept for my college homework due in 2 days, and this 4:10 is where it clicked. So much easier than my textbook.
It's 2024 and my University's MBA program still references your videos for study material. It just comes to show how good students are able to retain your information.
Man, honestly the way you explain things, you make it so simple and easy. I was lost in the lecture my teacher was giving to us lol you provided me with such help with your microeconomics videos. Thank you so much :D
2024 and Im an old fart going back to college online after 10 years and I just want to say THANK YOU. This is the best video Ive come across explaining this
Eating apple while watching this. My demand is one apple, but i have like 10 apples in my apple stash. There is no equilibrium between demand and supply :(
Supply here means the amount of actual goods that the producers are willing to sell at a particular price , and the quantity demanded here means the amount of goods that people are willing to buy at a particular price . Also quantity supplied differs from the actual amount of supply due to changes in prices. Hope this helps .
When we have a general surplus then we have abundance. When we have a general shortage then we have scarcity. The price converges towards the equilibium price.
That curves only show how prices fluctuate, not the actual price! Problem is that worker's effort and payment wouldn't be considered in equation so it won't tell u a lot
Qd =10-P+Y and Qs = 5+P, where Y = Consumer's income, so if I have to set equilibrium price and equilibrium quantity as functions of consumers income would that then mean Y = -5?
i just want you to know that our university uses your videos as a 'pre-lecture study' in Economics. That's how excellent your vids are.
hhh
@@UsamaMalikKhabba1567 university like bro we are doing this topic in middle school
@@farajaemmanuel2674 haha same
Thanx
@@farajaemmanuel2674 yeah ok. unless you test out of the class you will probably have to do it again. so congrats
I would just like to say that I thoroughly enjoyed this diagram not because of the information provided but rather the penmanship this man has.
That is some fine penmanship.
Is this ume or nme. ...
Been 10 years , you still studying Economics?
I'm in uni now, taking an econ course. Coming to one of Khan Academy's videos has brought back memories of how much I used to watch these videos for functions in high school!!! Wow! This channel and guy is simply amazing. Constantly helping so many people.
I used to watch his videos on multi-variable calculus for the Advanced Calc course in my high school for the SATs, and boy were those videos so good and helpful! I even watched the ones that one of his good friends Grant Sanderson (who has his own very reputed YT channel by the name 3Blue1Brown) do his explanations for Sal or sometimes they would collaborate in a single video. Imagine that - two brilliant folks explaining all the juicy math stuff.... it was a bliss!
you are amazing !! do you know that my whole class at an International business school in The Netherlands passed the economy exam thanks to u ? ! please keep making videos !! thanks again
dam
Sal is the only teacher I have seen to encourage people to start from the scratch and think through logically.
WARNING: There's a mistake in this video at 8:14. He says, "As you decrease the price, what's going to happen to the demand curve? Well, the demand is going to go up."
This is incorrect. A change in the price will not affect the demand curve at all. What will change is the *quantity demanded*. "Quantity demanded" will go up, but "Demand" (i.e., the Demand Curve) will stay the same. This is an important distinction that frequently trips up students. Be careful.
I'm sure Mr. Khan knows that distinction; he probably just misspoke.
Thanks
In other words, notional vs effective demand
He meant to say about the expansion of the demand curve due to decrease in price and the curve in terms of expansion or contraction does not move. To it is a minute discussion that can easily be digested using common sense
you are going to be the only reason I pass microeconmics this semester thank you so much for these informative videos.
same heree my mba midterm exam.gota good mark
3:56 you know he's dedicated to making these videos when he skips lunch for it
+Raki Sathark hahahhaha omg
😂😂😂😂
Wow really good listener
Lmao thats so sad, yo feed your tutors man
Or it's a fart
simply the best video for the equilibrium , shortage surplus chapter. This video helped so much, i managed to get an A in microeconomics and carry my colleagues in my class too.!
khanacdemy, thank you so much for all of ur tutorials. ur the best tutor that i've had in my entire life and oh my god.. ur service is free!
i don't know how to thank you because these videos helped me a lot to understand the economic idea, and i can learn with so much fun. Thank u so much. thank you thank you thank u. I love u!
Khan, God bless you. Am a first year university student in Germany but can not understand my lectures, the language is terrible. Imagine I spent two years learning Deutsch in Uganda before I came Germany to start my studies but still, cannot understand my lectures! So what I have decided to do is to follow your lectures, both Math and Economics. Hope it will help me ! Thanks once again for helping people like me.....
Simple explanation and engaging manner. Thank you for making market equilibrium realistic and relatable.
I will be answering my Igcses next year, and just started taking up Economics, i missed my class when teacher taught about market equilibrium, and i didnt understand when she tried to explain it to me back
But i found your video and this explained the topic better and now i understand the topic well, i know its been 8 years since this was first uploaded but thankss ❤
How did your IGCSE go?
@@saniakhan4068 ill be answering it in 70 days, wish me good luck
@@richymt20 Wishing you all the best! Hope you get your desired grades
thank you too much for this videos. I am reading economics on the universty and i always watch makroeconomis and microeconomis video on the khan academy, because they are so informative. Thanks to it my microeconomics exam is 95...
You explain so well! Simple examples and clear speech.
multi-talented man! I taught you teach math only but you do both economics and environmental system too. Worth to watch. Every time I dont understand, I will come to watch your videos.
It was stupendously helpful for me. I was struggling with this 'equlibrium' concept for the last few weeks. This video helped me understand the nitty-gritties of the concepts. Thanks Khan Academy!
I've been banging my head against the wall for the past hour trying to understand this concept for my college homework due in 2 days, and this 4:10 is where it clicked. So much easier than my textbook.
I have econs test tomorrow and i am enjoying this video. the fact that this video is better than my lecturer's pre-recorded lecture!😭😭
You are making my Microeconomics class a lot easier to understand than I was initially anticipating. Thank you.
my IB will be saved thanks to you :')
may god bless this man who which i have learned more from economics from him than my actual school teacher! keep the good work
It's 2024 and my University's MBA program still references your videos for study material. It just comes to show how good students are able to retain your information.
My graduate level Economics professor recommended my class watch this video. I like him. This video also made a ton of sense for me. Thank you!! :D
You saved my life in high school and you're saving my life again in my university life. THANK YOU SO MUCH
this is great! Just tomorrow will be my economics exam, thanks for that!
This is the platform ...where i always get all my doubts clear..thank from the core of my 💓
This is helping me remember a lot of stuff I learned in Macroeconomics a couple years back. Thank you!
Simple way of teaching, really amazing.💙
Totally helpful and easier explained🙏🏻 Econ final here I come
Thank you! I’m struggling in economics. These videos help me.
Thank you so much for making a simpler explanation on how the market flow works
thanks for the explanation sir. now I am taking microeconomics, and your video really helps me even after 11 years (in 2023)
Man, honestly the way you explain things, you make it so simple and easy. I was lost in the lecture my teacher was giving to us lol you provided me with such help with your microeconomics videos. Thank you so much :D
Thank u very much for this very easy disscussion, I am a having a hard time understanding market equilibrium rn so thank u!
Thank you so much for this simple and understandable tutorial.
you are a lifesaver I don't know how to thank you.
wow thanks this channel has been really helpful
thank you so much for this simplification... looks really easy after your wonderful explanation.
+Khan Academy Thank you very much for this video! It helped me a ton!
Sir, the way you explain make these complex topics so easy...Huge respect for you !!!
These are actually entertaining to watch.
You are amazing man, my lecturer explained this so badly and I didn't understand it all but now I do! Thank you
Sal, your voice is very soothing, You could totally record an e-book...
You explained the concept in such an easy way. Thanks a lot.
I really like his voice classification and materials shalom from Israel business administration
Good job on this clear explanation!
2024 and Im an old fart going back to college online after 10 years and I just want to say THANK YOU. This is the best video Ive come across explaining this
New subscribers here.
I love your video so informative 😍😊
Nicely explained 😊
Chally really made me watch this...
hold up i know this person
HOLUP
(travis here lmao)
Miles Luu ik u too lol
Melanie Wong oh wow hi 😂
It was an excellent lecture, even for someone who is just starting to learn the laws.
Thank u so much Sal Khan. You are a hero!
Love ya!
This is awesome right now I'm taking notes on this! Yay
Perfect explanation
very presumptuous approach.........
I just spent so much time in awe of the fact that this guy has the only voice capable of being correctly translated by youtubes automatic captions
it is very understanding ,
THIS WAS SO HELPFUL THANK U
Amazing Video. Thank you Mr. Khan
AWESOME explanation! Thank you!!!
quality of content is way better than scam edtech companies like byju's and vedantu
just what i needed to learn for my exam :) right in time !
Yo thanks Khan, I can now move on to my next question in Finder Land.
This video was very helpful. Thank you!
Imagine paying for tuition just to watch these videos 😭😭😭
AHAHHAAA
very helpful tutorial, thank you sir.......
one of the best things on internet
Eating apple while watching this. My demand is one apple, but i have like 10 apples in my apple stash. There is no equilibrium between demand and supply :(
Thank you
simple and clear.
Thank you so much.... big help!
Khan, thank you so much, you are the best Thanksssssssss
great video!
can someone explain what the difference between supply and quantity is?
Supply here means the amount of actual goods that the producers are willing to sell at a particular price , and the quantity demanded here means the amount of goods that people are willing to buy at a particular price . Also quantity supplied differs from the actual amount of supply due to changes in prices. Hope this helps .
Andito ako para sa subject na applied economics hahaha
this is amazing explanation
Your videos are great!
Thanks sir. You helped me.
When we have a general surplus then we have abundance. When we have a general shortage then we have scarcity. The price converges towards the equilibium price.
I understand you more than myself
When the price goes up de Supply goes up and Demmand goes down.
When the price goes down de Supply goes down and Demmand goes up
Awesome video! Thank you for sharing!
Thanks really helpful !! :)
Superb!! loved it!!!
THANK YOU!
Thank you for your videos
Thanks a million.
thanks for the vid this does help
This was really helpful but could you give and example in which the scale values are different
great explanation
Well explained
Is this the best video on TH-cam??
I'm watching this to prepare for my second yet last class in 7 hours, cause I have nothing to do at the moment.
excellent!!!
😍khan, you are better then our Teacher!!😂
please post video on equilibrium and it,s types
03:55 ~Man all this talk about food is making me hungry~ ;) :D
Thank you so MUCH
That curves only show how prices fluctuate, not the actual price!
Problem is that worker's effort and payment wouldn't be considered in equation so it won't tell u a lot
Qd =10-P+Y and Qs = 5+P, where Y = Consumer's income, so if I have to set equilibrium price and equilibrium quantity as functions of consumers income would that then mean Y = -5?