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@Zielkea
@Zielkea Күн бұрын
Dont you mean an elasticity of less than 1 is inelastic...?
@crammernation
@crammernation Күн бұрын
Great question - when we’re working with demand, it’s gotta be between 0 and -1 for it to be inelastic. -1 is unit elastic. And anything less than -1 is elastic
@crammernation
@crammernation Күн бұрын
I’ve got a deeper explanation on my site that you can unlock for free with your email!
@Zielkea
@Zielkea Күн бұрын
Econ final tomorrow, thanks dawg
@ivanademika2052
@ivanademika2052 5 күн бұрын
Wow I understood this in under a minute thanks ❤
@ALittleTwit
@ALittleTwit 6 күн бұрын
i appreciate the digestible econ concepts!! i’ve been binging
@crammernation
@crammernation 6 күн бұрын
Let's go!! This means a lot, I appreciate your comment
@funnyik1627
@funnyik1627 9 күн бұрын
U didn’t cover dwl
@crammernation
@crammernation 9 күн бұрын
Just attached rest in related video to this Short
@SwordStone55
@SwordStone55 11 күн бұрын
Super interesting
@rayappanspeaks
@rayappanspeaks 14 күн бұрын
Thank you for this man ❤❤ I have an exam coming up next week. This video helped me out really well.
@crammernation
@crammernation 14 күн бұрын
So glad to hear this was helpful! I appreciate your comment!
@universaleternaltruth9956
@universaleternaltruth9956 14 күн бұрын
This reminds me of how I dither a Satellite Dish. The P represents the Clearest Signal, and the P and D represent the farthest off from center Clearer Vision.
@crammernation
@crammernation 14 күн бұрын
@@universaleternaltruth9956 not sure I’m following.. but hey, cool analogy!
@LibbyContreras-m3x
@LibbyContreras-m3x 23 күн бұрын
Thanks for the forecast! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
@Estudo-slaoq
@Estudo-slaoq 27 күн бұрын
I think I understood it because of your video. I'll test it out after I get back from the gym. Thank you a lot
@crammernation
@crammernation 27 күн бұрын
@@Estudo-slaoq glad to hear this helped - feel free to comment with any follow up questions you have after you test it out
@yukon1700
@yukon1700 Ай бұрын
Why didn't you talk about MatPat, he's the guy that made game theory
@crammernation
@crammernation Ай бұрын
Unfortunately microeconomics game theory is much less entertaining than matpat’s game theory 😢
@Roke1222
@Roke1222 Ай бұрын
A bunch of clubs eh?
@crammernation
@crammernation Ай бұрын
Ope, bunch of *clips, my bad! Haha CapCut didn’t catch that
@RUTUDALAVI-z8h
@RUTUDALAVI-z8h Ай бұрын
Can you make a video on this topic with familiar examples
@crammernation
@crammernation Ай бұрын
@@RUTUDALAVI-z8h like me walking thru them more? Instead of just showing the pics? Or are you talking something different
@RUTUDALAVI-z8h
@RUTUDALAVI-z8h Ай бұрын
It is perfect
@عبدالملكالجعوان
@عبدالملكالجعوان Ай бұрын
Matpat?
@Arnþor
@Arnþor Ай бұрын
I'm sure someone needs this!
@crammernation
@crammernation Ай бұрын
I appreciate your support!
@Average_Life04
@Average_Life04 Ай бұрын
Long vid ??
@crammernation
@crammernation Ай бұрын
@@Average_Life04 yep! It’s linked to this video and on the channel
@lsgsrob2102
@lsgsrob2102 Ай бұрын
You also have essentially “free” water from your sink. You can use that water from your sink and make your own distilled water… or just use the water from your sink instead of spending money on something that you already have access to…
@diviningrod2671
@diviningrod2671 Ай бұрын
Nose ? How much blow are you doing ?
@zakburnett6690
@zakburnett6690 Ай бұрын
It's the exact same thing but ur just gonna bend to Walmarts will this is why Walmart has gotten expensive and most of the time there's no or very few other options, the only thing I use Walmart for is burnouts😂
@Roke1222
@Roke1222 Ай бұрын
I like this format. I would have appreciated an explanation of price takers besides “exactly”. I get that you’re approaching this from the angle of a tutor, but some of your audience, like myself, will not be Econ students, so it’s worth defining everything. My 2 cents. Have my sub and I wish you the best of luck.
@crammernation
@crammernation Ай бұрын
Great thought, I appreciate the feedback! Thank you for subscribing!
@crammernation
@crammernation Ай бұрын
*to SELL MORE UNITS, a monopoly has to lower their price
@armistice2058
@armistice2058 Ай бұрын
But what about the imiginary or theoretical nature of this market ?? I think it is the most important pointer of this market
@crammernation
@crammernation Ай бұрын
Great great call, it's impossible for a market to be 100% perfectly competitive. We can get "close" with dairy farmers given the similarity of their product. But it's impossible to be truly perfect 100%
@erosvalencia7202
@erosvalencia7202 Ай бұрын
you’re the goat 🐐
@crammernation
@crammernation Ай бұрын
Happy to help!!
@Average_Life04
@Average_Life04 2 ай бұрын
I cant find the link to ur website :(
@crammernation
@crammernation 2 ай бұрын
@@Average_Life04 go ahead and Google “crammer nation”, you’ll find us there!
@Average_Life04
@Average_Life04 2 ай бұрын
Heyy ! Can you please make long videos for the whole of theme 1 in microeconomics coz ur videos have helped me..
@crammernation
@crammernation 2 ай бұрын
@@Average_Life04 so you’re talking like a long form MicroEcon summary? Or maybe unit summaries?
@Average_Life04
@Average_Life04 2 ай бұрын
@@crammernation i mean like whole unit summary
@crammernation
@crammernation 2 ай бұрын
@@Average_Life04 gotcha, love this idea, definitely check out our videos on the website in the meantime. We crank thru everything Microeconomics in ~2hrs
@_suman_7164
@_suman_7164 2 ай бұрын
Where I can watch it
@crammernation
@crammernation 2 ай бұрын
They're on our website, sign up for your course and you'll be all set with our concept breakdowns!
@Adnan.am.
@Adnan.am. 2 ай бұрын
Bro try applying hashtags for more views
@gwills9337
@gwills9337 2 ай бұрын
Nice one
@crammernation
@crammernation 2 ай бұрын
it had to be said, thanks for watching!
@cindylainez1606
@cindylainez1606 2 ай бұрын
Everybody like in subscribe
@thealexandremasson
@thealexandremasson 2 ай бұрын
Love it. Make all my ECON classes this easy please.
@crammernation
@crammernation 2 ай бұрын
@@thealexandremasson I’ve got your back. Soon going to be uploading all of my MicroEcon concept breakdowns (~60 sec each, ~100 concepts) on KZbin, stay tuned
@JaY-cs3ki
@JaY-cs3ki 3 ай бұрын
Cool!
@crammernation
@crammernation 3 ай бұрын
🫡 here to help you thru MicroEcon!