The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. D 2. B 3. C 4. E 5. D 6. B 7. C 8. Supply shift to the LEFT. Double check that you labelled EVERYTHING including both supply curves, the demand curve, and the new equilibrium P2 and Q2. Also, make sure that you have an arrow! How to get the Ultimate Review Packet Step 1: Go to: acdcecon.thinkific.com Step 2: Create a free account Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College) Note Teachers- Do not print any of the packet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: www.acdcecon.com/bulk-discount
@muhamadmansour17755 жыл бұрын
the link is not working!
@thomashogan16454 жыл бұрын
For #4 I felt like C, D, and E were all correct.
@isaacong4 жыл бұрын
@@thomashogan1645 C is wrong because if demand decreases, the price would also decrease. D is wrong because if the supply increases, the quantity would also increase. I hope that clarifies question #4.
@consela20113 жыл бұрын
@@isaacong can you help me clarify why A is wrong? thanks!^^
@isaacong3 жыл бұрын
@@consela2011 Which question?
@probablygrady5 жыл бұрын
Bless your soul I have my Econ midterm tomorrow
@probablygrady5 жыл бұрын
Update: so I picked the class up two weeks into the semester so I was really behind but thanks to your videos I’m pretty sure I killed that exam ty!
@emilie39072 жыл бұрын
same
@ajesusencounter82615 жыл бұрын
Demand shifters 1. Tastes and preferences 2. Number of consumers 3. Income 4. Price of related goods 5. Expectations Shifters of supply 1. Price of inputs 2. Number of producers 3. Technology 4. Taxes and Subsidies 5. Expectations
@AdityaSUnboxings4 жыл бұрын
Thank
@user-yo4no7xj8c4 жыл бұрын
Cheers
@tedchirvasiu2 жыл бұрын
Merci
@desreeisibor58554 жыл бұрын
You are honestly a blessing to econ students!! Your enthusiasm for economics is contagious!!
@wingleecheng31535 жыл бұрын
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
@natalieyam14942 жыл бұрын
fellow hongkonger hello
@chaeyoungvideos57424 жыл бұрын
Bless you sir I have an econ finals tomorrow and I just failed my econ midterms. I hope I remember all I reviewed from your videos and hope I can pass this semester!
@Doll_5 жыл бұрын
If anyone is looking for the answers, they're actually in the video description
@elizabethmills12863 жыл бұрын
These videos have taught me more then my professor has in seven weeks to be honest
@deathrate59782 жыл бұрын
same XD
@yingqiliu51444 жыл бұрын
Clifford: "there is a zero percent chance that you are gonna get through econ class without having to draw those graphs" 2020 CB: "hold my online exams"
@jasongross41163 жыл бұрын
Hahahaha 2021 too
@armagancaglayan48123 жыл бұрын
@@jasongross4116 today We will learn lmao ahahaha
@reenasahay60613 жыл бұрын
I got 7 correct out of 8 questions...thanks sir...your teaching really works...
@collegebabee111 ай бұрын
It's teachers that love what they do like you that still allows me to have faith in humanity
@christinae9465 жыл бұрын
the greatest teacher ! Thank you Sir for your passion !
@cjmefamily1708 Жыл бұрын
Hi Mr. Clifford God bless you, also thank you for helping all these students who were struggling, with econ Especially me. Monday I have an Exam in econ, after washing your video I understand more econ, thank you so much. The answer is : (A)
@hao-weihsu26205 жыл бұрын
BEST ECON CHANNEL! Relying on you to pass my university exams ahhaa. Keep making them videos!
@patriciarichardson69524 жыл бұрын
Could you please do a step by step video of how to figure out the surplus and shortage by numbers?
@elizabethmills12863 жыл бұрын
I can't believe I never thought of Supply and Demand as a pair of scissors before yet, and now I see it, I will never see it the same way again
@nyell-09383 жыл бұрын
You're the best teacher everrrrrrrr
@elizabethmills12863 жыл бұрын
I already watched all three of the supply and demand videos!
@martinhopaour57445 жыл бұрын
Thanks u so much for this! Had a great grade last year due to ur videos!!
@chisholm12214 ай бұрын
Thank you thank you thank you!!!!
@fxsi_50814 жыл бұрын
thank you so much Mr Clifford just started Economics and you just made it super easy
@figsthereal5 жыл бұрын
eyyyyy notification squad is here XD
@talizhacajetan1679 Жыл бұрын
Thank you soo much Sir 😊 this really helped me in my exam
@jerryrozario45415 жыл бұрын
Sir I love your videos! Keep it up!!
@ruthtang12625 жыл бұрын
Dude you’re so funny thank you for your videos!
@marksanderson80085 жыл бұрын
My main man 💛😍
@oowrd4 жыл бұрын
that is professional and soooo fun yeeeeeah
@Nicki92354 жыл бұрын
Helped me out alot! very helpful
@CARLOSFRANCO10005 жыл бұрын
Interesante vídeo...♫♫ felicidades mi estimado Jacob ...♫♫♫♪♪♪♪ que tengas un feliz fin de semana....♫♪♪♪♪
@averageplant2235 жыл бұрын
Are you going to make a gaming channel
@AnneDulong4 жыл бұрын
Isn't the 4th answer c? Correct me if I am wrong. Great video
@carddeceptionist2815 жыл бұрын
where are the answers
@housambassal70664 жыл бұрын
1. D 2. B 3. C 4. E 5. D 6. B 7. C 8. Supply shift to the LEFT.
@tawheed19965 жыл бұрын
Hello sir, can you make a quick summary of managerial economics? I need it so much.
@quickielickie2106 Жыл бұрын
Can someone please explain why the answer on 7 is C and not A or D? Your answer will be highly appreciated!😊
@odenpetersen60285 жыл бұрын
What was the answer to question 5?
@elizabethmills12863 жыл бұрын
"That;'s the noise of the Law of Demand" I don't know why but I found that a little funny, we need to have a tiny bit of humor
@elizabethmills12863 жыл бұрын
The scissors!
@livewithashley5 ай бұрын
i don’t understand how 6 is B. Praying someone sees this and explains ❤
@elizabethmills12863 жыл бұрын
Although our class is only a hour long
@ezgi96964 жыл бұрын
Why question 5 is not E? Also how can it be D?
@sabotaje41744 жыл бұрын
Because it says what answer is NOT true. In this situation it is answer D
@samahossam59554 жыл бұрын
because price doesnt change the demand curve it changes the quantity demanded
@teckvkgamer10493 жыл бұрын
@@samahossam5955 yes !
@infinity76475 жыл бұрын
got 6 right
@elizabethmills12863 жыл бұрын
lol!
@randomgamer24904 жыл бұрын
1. D 2. B 3. C 4. E 5. D 6. B 7. C these r my answers but i cant see your coment @Jacob Clifford
@faith57034 жыл бұрын
On the description box
@gamerofasiaxd86325 жыл бұрын
D A B B D B C
@elizabethmills12863 жыл бұрын
so he can't really teach us much in the time we have anyway
@siddharthajain69445 жыл бұрын
1 - D 2 - E 3 - C 4 - E 5 - C 6 - C 7 - B. These can be wrong.
@tifeosibanjo8155 жыл бұрын
Number 5 is D
@DiegoRomero-bn2qr5 жыл бұрын
siddhartha jain 2-D
@MusicalInquisit5 жыл бұрын
@@DiegoRomero-bn2qr The answer to 2 is B, not D. The cost of labor decreases. Therefore, the amount made will increase -- supply increases.
@MusicalInquisit5 жыл бұрын
6 is B. Since demand has increased _during_ power outages, passing laws of non-increase in price will result in a shortage, according to the supply and demand. Prices must remain below the equilibrium if this law were passed. 7 is C. If apples are substitute goods of oranges, then the increase in price will result in an increase in demand along with an increase in the equilibrium price, according to the supply and demand graph.
@wingleecheng31535 жыл бұрын
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
@rockestien5 жыл бұрын
Where are the answers
@JacobAClifford5 жыл бұрын
First comment
@rockestien5 жыл бұрын
Jacob btw “You” are a legend in Dubai
@monicalejjandra5 жыл бұрын
@@JacobAClifford there's only 9 comments and you arent one
@Doll_5 жыл бұрын
@@JacobAClifford Yeah, the answers are missing... Maybe they got deleted somehow? Edit: he actually posted them in the description
@JacobAClifford5 жыл бұрын
@@Doll_ Ok. Look in the description.
@wingleecheng31535 жыл бұрын
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
@julienelson65064 жыл бұрын
Or at least my GPA. I have a 3.74, but a 78% in my Econ class. Our professor spends 30 minutes out of every class telling us we are losers and failures for going to a Community College... joke is on him. He is so bad he can only teach at a Community College. These videos are finally making Econ makes sense. Hopefully, with the help of these videos I will do better on my second test