If producers in Home country do not supply enough to cover the whole demand they will just rise the price and meet equilibrium. Why do we assume that if the amount of suppled goods decreases the price is going to decrease as well and make a room for import? It’s clear that import demand is a consequence of a shortage in economy, but again, explain the price issue please.
I use two programs in the videos. The graphically based editor is called OmnigraphSketcher which is, unfortunately, no longer supported by the company that created it. There is a free version available but it is quite buggy. I also you Apple's Keynote program.
After the semester is over, I will evaluate the video content for the course. If you have any suggestions (reference the figure#) and I will consider it during the evaluation process.
I was confused with this. Thanks!
If producers in Home country do not supply enough to cover the whole demand they will just rise the price and meet equilibrium. Why do we assume that if the amount of suppled goods decreases the price is going to decrease as well and make a room for import? It’s clear that import demand is a consequence of a shortage in economy, but again, explain the price issue please.
Amazing, thanks!
6:15 you mean you subtract s2 from D2, right? otherwise it would be negative
Which program is he using?
I use two programs in the videos. The graphically based editor is called OmnigraphSketcher which is, unfortunately, no longer supported by the company that created it. There is a free version available but it is quite buggy. I also you Apple's Keynote program.
hi, it's amazing explanation. I thank you. Can you please upload more exercises from Krugman 10 th ed .
After the semester is over, I will evaluate the video content for the course. If you have any suggestions (reference the figure#) and I will consider it during the evaluation process.
Where i am 😂 wtf
Thanks🫡