ummm not correct for the first question. when supply increases. Q goes up and P goes down. Since P goes down, this is bad for suppliers since they get less for their goods. However, recall that Q goes up which means they also make more PS that way. so PS might go down up or even depending on the degree of change.
never thought that the high speed in youtube videos can be usefull
Thank you a lot . It helped me while doing my homework
in technological advance, supply increase therefore price increase, why people consume more software and computers?
Sad I have the 8th edition so some exercises are different and I can't find the solution to exercise 10 which is not shown in the video :(
Same.
Thank you so much for that lecture😍
ummm not correct for the first question. when supply increases. Q goes up and P goes down. Since P goes down, this is bad for suppliers since they get less for their goods. However, recall that Q goes up which means they also make more PS that way. so PS might go down up or even depending on the degree of change.
www.managementscientist.co.uk/websites/fscMicroPrinciples/ExamsAndHomework/Makiw%20Text%20Problems%20Solutions%20Converted%20and%20Posted/MankiwChapter07SolutionsProblems.pdf
I didn't understand how did you say that the supply curve is perfectly elastic?
@@economicscoursequestion 9 a
@@economicscourse when price does not depends on quantity we will assume the elasticity as perfect elastic?
@@economicscourse ok thanks
thank you
Your accent is so funny :)
And I have no idea what you are talking about
Thank you