Demand and Supply Explained- Macro Topic 1.4 (Micro Topic 2.1)

Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk

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Supply Video
https://www.youtube.com/watch?v=ewPNugIqCUM

Video Explaining Shifting the Curves
https://www.youtube.com/watch?v=V0tIOqU7m-c

Learn it by watching Indiana Jones
https://www.youtube.com/watch?v=RP0j3Lnlazs

The Demand Curve

Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we shed light on why people go crazy on Black Friday and, using the demand curve for oil, show how people respond to changes in price.

****INSTRUCTOR RESOURCES****

Demand Curve lesson plan: https://mru.io/demand-curve-ytd-link

Microeconomics Course: http://bit.ly/20VablY

Next video: http://bit.ly/1TG4Tvy

Macky Gee - Demand

Macky Gee - Demand
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