Change in demand versus change in quantity demanded | AP Macroeconomics | Khan Academy

[@bantha8470]

literally said everything i didnt get from 1 hour 30 minute lecture in 1 minute, hes insane

[@noqx1419]

same

[@HappyKatze]

these videos are easy to follow and fun to watch, keep up the great work :)

[@hardhika9208]

You sir are a legend thank you for this service 🙏

[@saqlainbukhari8697]

Isn't #1 same as #6? Why do we have different results then? In both the cases price of the given good is changing not the other factors?

[@mx3727]

Agreed. I was thinking the same thing. Lucy, you got some 'splainin' to do!

[@lillianwilliams9272]

#1 is a change in price and #6 is a change in expected price. If it is a change in price, it follows the demand line, but if it is another factor (change in population, change in income, change in expected price, change in substitute good, change in consumer’s taste, and/or change in complimentary good), it shifts the demand line. I know this reply is a year late, but hopefully it helps!

[@sammybrosnan62]

@@lillianwilliams9272 you are amazing, I finally understand, time to ace this exam hahaha

[@ojay9655]

I was thinking the same too

[@prateekchauhan6376]

​@@lillianwilliams9272thank you so much dude

[@purelydef9073]

Some questions could have been phrased in a way that’s less ambiguous. For example “price of gas going up” might decrease the demand for some cars, but might increase the demand for fuel-efficient or electric cars. So the answer may depend on the type of car in question, which is never defined. It’s hard to have objectively right/wrong answers without a clear premise to start from I think maybe this idea could’ve been explained a little clearer

[@shirinsheikhzade2633]

since my back ground knowledge is in science i figure out it is a useful video,

[@123123mike]

#4 is the same as a price reduction (same as #1), and thus should be change in quantity demanded

[@arjunmiddha6722]

#4 is about the change in the vehicle registration fee (not the cost of the car), which makes it similar to #2

[@hazza2247]

Arjun Middha agreed

[@bhanavipanwar4435]

Thank you🙏

[@yonessanc4758]

Thanks for this educational video sir. It helps me a lot for my modular class. Thank you so much!

[@lawrae6560]

So helpful. thank you🙏

[@edmoregwiza6626]

Thanks for the lecture. It well composed even for us the starters we can have direction.

[@paulamutesi]

Price in public transportation goes down should cause a shift to the right on the demand curve

[@alexiosbentoukantze2825]

no to the left, because there is now less overal demand for cars as the substitute of pt gains demand, right?

[@portjc]

@@alexiosbentoukantze2825 yeah i agree, because if transportation (bus, taxi, uber, etc) is cheaper a lot of people who are looking for a car will just settle for what is available in this case transportation for car workshops or dealers notice this then why would they spend more money on demand if the consumers wont be there to buy cars becasue most of them are better off having cheaper prices at public transportation (buses, taxi, uber, train, etc)

[@sorinmb]

Thank you sir, very helpful!

[@randuvishmika7769]

thank you sir......

[@lucksonchilambwe4644]

Nice videos.Quite easy to follow.

[@simransodhi358]

These concepts are under the scope of micro economics.

[@JouiiKatsura]

Missed two days of class now I gotta catch up

[@SoufianeHicham]

In case of a recession, wouldn't the shift in demand depend on wether or not the car is a good or cheap car? Am I missing something?

[@Civilservice25]

prices of public transportation goes down then then the demand curve have to shift rightward because the law of demand state that when price of a product or service decreases, demand increases

[@OsiboduHannah]

Yeah, I didn't get this part too. It should be shifting to the right because demand is sure the increase right?

[@Civilservice25]

@@OsiboduHannah yes when demand increases according to law of demand, demand curve shifts rightwards

[@OsiboduHannah]

@Civilservice25 I actually later got it. He's talking about the demand of Brand X cars in relation to the change in price of gasoline. Gasoline acts as a complementary good to cars, so regardless of whether price of the cars change, if gasoline increases in price, people are inclined to not purchase more cars thereby leading to a reduction in demand. Hence, the demand curve shifts to the left.

[@Civilservice25]

@@OsiboduHannah acha in relation to complementary goods okay got it

[@josephneville5572]

what software are you using that allows you to draw and erase so easily and Quickly?

[@nathanvancleef1824]

U are the best

[@nitinmehra1180]

Could you please explain is there any case exit in which the quantity remains same but price differs ?

[@yashbafna7918]

In third example demand curve would shift to right

[@Alex-mn5rs]

Why? If the price of public transportation goes down, people would be more inclined to use it versus their own private transportation. That would result in a lower demand at any price that the consumer is able and/or willing to pay for a car because this supplement has become cheaper.

[@lovevy2]

@@Alex-mn5rs i think the original commenter forgot that the graph was specific to cars, and thought more about the demand of the public transportation instead

[@shammaalali352]

The first one could also shift bc ppl would want to buy more

[@aliabbas619]

Nice and informative.

[@khsadadbinsajed5574]

very helpful

[@Cakemonster147]

Hey what's up Sal

[@NarutoUchiha-lb8zq]

If the price of gasoline increases, it would cause the quantity demanded for gasoline to decrease, so number 2 is incorrect. Edit: After watching the video, I realized a lot of the examples were incorrect. Remember that a change in price will only move along the demand curve, NOT shift the curve. The only cause for a shift in the demand curve is one of the five shifters.

[@MyLegsAreKindaLong]

I think u got it wrong, it not about gasoline it is about car's demand.

[@sonseriatcbukucu338]

@@MyLegsAreKindaLong Also I thought same as you

[@rookiej5587]

Ain't this microeconomics?