Y1 3) Demand and the Demand Curve

Y1 3) Demand and the Demand Curve. Video covering Y1/IB 3) Demand and the Demand Curve in full detail
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[@JohnDuppleingham]

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[@lawrencekennedy.]

Will you supply my demand

[@beigi8637]

i will demand your supply.

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But will you demand the supply of the supplied demand.

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[@CaptainSlow2469]

I've learned more in this 10 mins than 5 months of lectures

[@alexanderboje1908]

Thank you so much for explaining this topic so well. I have a test tomorrow about demand.

[@Salvation1984]

Easily explained and written out. Thanks!!

[@babycham134]

None of my uni workshops made sense and the diagrams lacked narrative and logic. This video just threaded all the narrative to the maths in a way that was easy to understand. Thank you for simplifying these concepts!

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So simple and easy to understand!

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Best explanation👌

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thank you for this video, you explain 100x better than my econ teacher in my school

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thank you. that was very simple and very helpful

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[@monterih]

Well Explained, Thanks a LOT.

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[@rungus24]

This is weird. I've spent the last twenty or thirty years becoming increasingly worried about climate change, and so I've decided to learn economics to try better to understand the solutions to climate change, and to recognise when a politician or commentator is just hiding behind the economy, using people's ignorance of economics to make excuses about why we can't make changes to the status quo. But learning about economics seems to involve learning to think of mass consumption of goods as a good thing. Maybe that's why we're in so much trouble: everyone learns economics in a way that's so totally at odds with our continued safe existence that the people in control of the economy and the government can't even comprehend making any changes.

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Ooof, even the idea of public transport being an inferior good: I mean, I see what you're saying, but it still seems at odds with all my values to think that I might stop using public transport if only I had more money. Luckily, there's little chance of me ever having more money or a driving license, even if I did abandon all my values, so I can rest quite happily in the knowledge that I will always use trains, which are generally better for the environment than using a car.

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Yo this AQA right?

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[@waajibhafsat6641]

What is the relationship of price and quantity demanded

[@nevertheone7177]

i don't understand the 'firms become more price competitive so we switch our consumption towards those products.' could someone explain, thanks!

[@light.lawliet]

I'm assuming you're referring to substitute goods. Let's say the price of Coke goes up. More people will switch to a substitute such as Pepsi (which hasn't had a price change). This is a result of Pepsi becoming more price competitive as they are now perhaps cheaper than Coke.

[@zacjohnsonf]

Exactly, people go for the cheaper option

[@nevertheone7177]

thankyou!

[@nevertheone7177]

thankss!

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Wow

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probably amazon!

[@aaaaaaa6954]

Hi, great video. Are your videos suitable for a level economics edexcel b? Thank you 🙂

[@billyfox6368]

I think that he sometimes outlines the differences and often, the content is the same; however, I don't think that they're generally designed around Edexcel B.

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what happened to pirates blud

[@henriklein4952]

Still having a huge impact on education and studying at bromsgrove lol

[@MC10W]

what would shift d or ds - 1) Changein income tax 2) Change in vat

[@rohan-real]

both . If someone is not rich enough to buy it , demand curve will shift '-1' to the left . If there is too much VAT , this will occur too . hope it helps

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[@rexynator_ytb]

1

[@ohyeahohyeah8855]

first

[@yawowusu-gyan2076]

thanks for simplifying the economic concepts. But please try and improve on the partial blurry video.