Dont you mean an elasticity of less than 1 is inelastic...?
@crammernationКүн 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
@crammernationКүн бұрын
I’ve got a deeper explanation on my site that you can unlock for free with your email!
@ZielkeaКүн бұрын
Econ final tomorrow, thanks dawg
@ivanademika20525 күн бұрын
Wow I understood this in under a minute thanks ❤
@ALittleTwit6 күн бұрын
i appreciate the digestible econ concepts!! i’ve been binging
@crammernation6 күн бұрын
Let's go!! This means a lot, I appreciate your comment
@funnyik16279 күн бұрын
U didn’t cover dwl
@crammernation9 күн бұрын
Just attached rest in related video to this Short
@SwordStone5511 күн бұрын
Super interesting
@rayappanspeaks14 күн бұрын
Thank you for this man ❤❤ I have an exam coming up next week. This video helped me out really well.
@crammernation14 күн бұрын
So glad to hear this was helpful! I appreciate your comment!
@universaleternaltruth995614 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.
@crammernation14 күн бұрын
@@universaleternaltruth9956 not sure I’m following.. but hey, cool analogy!
@LibbyContreras-m3x23 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-slaoq27 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
@crammernation27 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
@yukon1700Ай бұрын
Why didn't you talk about MatPat, he's the guy that made game theory
@crammernationАй бұрын
Unfortunately microeconomics game theory is much less entertaining than matpat’s game theory 😢
@Roke1222Ай бұрын
A bunch of clubs eh?
@crammernationАй бұрын
Ope, bunch of *clips, my bad! Haha CapCut didn’t catch that
@RUTUDALAVI-z8hАй бұрын
Can you make a video on this topic with familiar examples
@crammernationАй бұрын
@@RUTUDALAVI-z8h like me walking thru them more? Instead of just showing the pics? Or are you talking something different
@RUTUDALAVI-z8hАй бұрын
It is perfect
@عبدالملكالجعوانАй бұрын
Matpat?
@ArnþorАй бұрын
I'm sure someone needs this!
@crammernationАй бұрын
I appreciate your support!
@Average_Life04Ай бұрын
Long vid ??
@crammernationАй бұрын
@@Average_Life04 yep! It’s linked to this video and on the channel
@lsgsrob2102Ай 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…
@diviningrod2671Ай бұрын
Nose ? How much blow are you doing ?
@zakburnett6690Ай 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😂
@Roke1222Ай 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.
@crammernationАй бұрын
Great thought, I appreciate the feedback! Thank you for subscribing!
@crammernationАй бұрын
*to SELL MORE UNITS, a monopoly has to lower their price
@armistice2058Ай бұрын
But what about the imiginary or theoretical nature of this market ?? I think it is the most important pointer of this market
@crammernationАй 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%
@erosvalencia7202Ай бұрын
you’re the goat 🐐
@crammernationАй бұрын
Happy to help!!
@Average_Life042 ай бұрын
I cant find the link to ur website :(
@crammernation2 ай бұрын
@@Average_Life04 go ahead and Google “crammer nation”, you’ll find us there!
@Average_Life042 ай бұрын
Heyy ! Can you please make long videos for the whole of theme 1 in microeconomics coz ur videos have helped me..
@crammernation2 ай бұрын
@@Average_Life04 so you’re talking like a long form MicroEcon summary? Or maybe unit summaries?
@Average_Life042 ай бұрын
@@crammernation i mean like whole unit summary
@crammernation2 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_71642 ай бұрын
Where I can watch it
@crammernation2 ай бұрын
They're on our website, sign up for your course and you'll be all set with our concept breakdowns!
@Adnan.am.2 ай бұрын
Bro try applying hashtags for more views
@gwills93372 ай бұрын
Nice one
@crammernation2 ай бұрын
it had to be said, thanks for watching!
@cindylainez16062 ай бұрын
Everybody like in subscribe
@thealexandremasson2 ай бұрын
Love it. Make all my ECON classes this easy please.
@crammernation2 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