Linear Demand Equations - part 1(NEW 2016)

  Рет қаралды 477,066

Jason Welker

Jason Welker

Күн бұрын

Пікірлер: 139
@krishnavamshigude1602
@krishnavamshigude1602 2 жыл бұрын
This videos is an absolute diamond. I love the way you explained it without any assumptions or skips.
@chanelcoppens614
@chanelcoppens614 Жыл бұрын
Thank you Jason, from the bottom of my heart. I have spent hours and hours crying over economics. As a history student, i cannot do math, it is a foreign language to me, but this made understand how to actually calculate the demand function. I might actually pass now. I owe you my life, my sanity, my loyalty. I am forever in your favor. You are a saint, I shall think of you Jason, when the time has come to take my exam and once again thank my only true maths-saviour Jason Welker. Have a wonderful life.
@jasn3506
@jasn3506 Жыл бұрын
ditto.
@nikisnoona3845
@nikisnoona3845 Жыл бұрын
I am a university student from Bangladesh who was struggling with math and and math related syllabus for days. But thanks to you I am learning and clearing my terribly mixed up information on liner equation. No one was able to make me understand this topic as much as you did and I am very thankful for that.
@alexanderburrows5336
@alexanderburrows5336 2 жыл бұрын
You just saved me from a stroke! Went through a ton of videos and this is by far the one that is most straight forward and actually EXPLAINS everything without assuming. Thank you!
@PancakeRecipe_
@PancakeRecipe_ 4 ай бұрын
7 years ago and yet still so helpful. i was stressing out, God bless you abundantly. you have no idea how much you're helping!
@csmayankagrawal
@csmayankagrawal 5 жыл бұрын
YOU ARE THE BEST FOREIGN LECTURER WHOSE EXPLANATION AND PRONUNCIATION ARE VERY CLEAR & EASILY UNDERSTANDABLE
@josequinones2031
@josequinones2031 2 жыл бұрын
Thanks a lot, you saved me from almost droping from my class, I didn't understand until now! I appreciate your help!
@kerripayne9123
@kerripayne9123 7 жыл бұрын
Thank you so much for this video - is was the absolute easiest explanation that I have heard for the demand function and it helped me TREMENDOUSLY on both my MBA homework and mid-term exam. THANK YOU!!!!
@JLM-ge2xm
@JLM-ge2xm 11 ай бұрын
JUST WOW! HANDS DOWN! EVERYTHING WAS EXPLAINED WELL!
@GetToThePointNYC
@GetToThePointNYC Жыл бұрын
YOU JUST LITERALLY SAVED ME FROM DROPPING MY ECONOMICS CLASS! Thank you soooooo much
@sougata1980
@sougata1980 Жыл бұрын
This is THE Video every student should watch if they want get concept clear for demand supply curve. Thank you so much
@jackiengai860
@jackiengai860 11 ай бұрын
👍 👍👍 🙏 🙏 🙏 😘 very well explained. the best expression ever i saw in terms of details and speaking speed. 👏👏👏👏👏 10:28 also your accent is clear 👍
@Nurj81
@Nurj81 Жыл бұрын
What a great explanation!! Thank YOU for creating this lesson.
@worldsystems9576
@worldsystems9576 2 жыл бұрын
I can't believe it can be this good
@sphokazintsalaze
@sphokazintsalaze 11 ай бұрын
Amazing work you're doing here Jason. Thanks and God bless
@andrew3905
@andrew3905 11 ай бұрын
absolutely saved. had to learn this all by myself for a report and got stumped because every site i looked to left out the the crucial detail of “b” being the inverse of the slope
@apriljoycalmada8103
@apriljoycalmada8103 6 ай бұрын
You are a gift from heaven! Thank you!
@jeffperra
@jeffperra 4 жыл бұрын
Thanks...could not for the life of me figure out how to find the demand curve equation. 3-4 minutes after watching your clip and I'm all set.
@obhenx
@obhenx 3 жыл бұрын
You saved my life, Prof..! thanks a lot..
@giftmichaelkhondowe9772
@giftmichaelkhondowe9772 2 жыл бұрын
Ulichikali boi. Translation : You are Magnificent
@faisalsaood360
@faisalsaood360 5 жыл бұрын
marvelous and so very great ....you know ,,,,for years i ve been finding and thinking about how to determined demand equation and for your astonishment even no book helped me like the way it should be taught in a book .....now after seeing your lecture i got complete idea ..........God bless you ........... you are great .......
@leolcjt
@leolcjt 3 жыл бұрын
Holy hell!! My brain exploded! This was way easier to understand than my textbook.
@samsonnelson7301
@samsonnelson7301 2 жыл бұрын
Is it possible for us use the same quantity and price we used to find b to find be to find a?
@kundakamilo5483
@kundakamilo5483 3 жыл бұрын
I will ace my mids all thanx to you 🙏🏾
@raime3488
@raime3488 5 жыл бұрын
Thank you so much! I was struggling to understand my professor with this topic. But finally, I get to know how to do the whole thing.
@shammaalali352
@shammaalali352 3 жыл бұрын
But isn’t the slope for demand is price over quantity
@muskanmishra5581
@muskanmishra5581 4 жыл бұрын
Brilliant explanation of why q=a-bp represents linear demand equation 👏👏
@akuntansiolahdata5225
@akuntansiolahdata5225 6 жыл бұрын
Thank you so much sir, wish you always happy and healthy
@bageshwardhampariwaar44
@bageshwardhampariwaar44 Жыл бұрын
Thanks 🙏🏻 it was easy to understand..keep it up 👍🏻
@KimSiever
@KimSiever 4 жыл бұрын
Thanks so much. You’re a life saver.
@amirestebari1470
@amirestebari1470 6 жыл бұрын
Thank you very much. I had difficulty understanding this equation but after watching your video, my problem is solved.
@bageshwardhampariwaar44
@bageshwardhampariwaar44 Жыл бұрын
Can we use both the formulas to find slope Y=a+bX and Q=a+bP??
@e02100
@e02100 3 жыл бұрын
This has REALLY helped so much!!! Thank you!!!!
@johanesogwari3309
@johanesogwari3309 3 жыл бұрын
ur a good teacher ever💪👏👏
@XDbasketball
@XDbasketball 7 жыл бұрын
isn't it Qd = a-bP??
@JasonWelker
@JasonWelker 7 жыл бұрын
the 'b' variable is always negative. 'b' = change in Q/change in P, which will be negative due to the inverse relationship between P and Qd. So the equation turns out to be Qd = a + (-b)P which is the same as Qd = a - bP.
@rajantiwari5628
@rajantiwari5628 Жыл бұрын
No you dumbo!!
@Kabaghe
@Kabaghe Жыл бұрын
Exactly 💯😌
@puikalee9201
@puikalee9201 4 жыл бұрын
gosh, this video explains better than my uni professor. Thanks so much!
@miguelgutierrez5082
@miguelgutierrez5082 2 жыл бұрын
How.do. I get the economics done in California?
@kadmani
@kadmani 7 жыл бұрын
that handwriting is so neat :o
@freedman1405
@freedman1405 4 жыл бұрын
Hello! If quantity demanded is the dependent variable, why is it that it is on the x-axis instead of the y-axis?
@anushcheema7100
@anushcheema7100 4 жыл бұрын
same question
@yashigupta7245
@yashigupta7245 3 жыл бұрын
It is because that the graph of demand curve is based on the inverse demand function where quantity is taken as independent variable
@monishamangwani449
@monishamangwani449 5 жыл бұрын
Thank you for explaining this so well!
@viane123456
@viane123456 2 жыл бұрын
If i have a equilibirum condition and demand equaltion can i derice supply function?
@formanauto6034
@formanauto6034 7 ай бұрын
Good evening sir. Thanks a lot
@mothernature4576
@mothernature4576 3 жыл бұрын
Such an easy explanation
@jyotibatra8910
@jyotibatra8910 4 жыл бұрын
If we have only demand function then how can we draw a demand schedule. And what price difference should be taken in schedule
@azellebahadory936
@azellebahadory936 5 жыл бұрын
Thank you for breaking this down! An excellent explanation.
@brzydkareka
@brzydkareka 6 жыл бұрын
Starts at 9:20
@lorenzoramos6216
@lorenzoramos6216 4 жыл бұрын
may I ask given the example provided by our prof, I tried picking out any Q2 and Q1 from the QD and QS but the b (Q2-Q1/P2-P1) I'm getting is different whenever I tried using the other pairs
@hamodehamode9394
@hamodehamode9394 6 жыл бұрын
You helped me a lot Thanks You are from the bests
@DumbleRoldtheHeadMaster
@DumbleRoldtheHeadMaster 2 жыл бұрын
why the value of quantity demanded when the price of 1.5 change from 330 to 300?
@TheVDPJMb
@TheVDPJMb 4 жыл бұрын
When I try to find the "a" variabel with Q100 and P2.5, the "a" variabel is 350.. Is that correct?
@odinlund8253
@odinlund8253 4 жыл бұрын
Dont think anyone is gonna reply tbh
@emalynfrancis5635
@emalynfrancis5635 2 жыл бұрын
what if there is no number attached to the demand schedule How to fine the numbers of Q= a + b p
@momtahenagamer5855
@momtahenagamer5855 3 жыл бұрын
Thanks for your explanation
@amirestebari1470
@amirestebari1470 6 жыл бұрын
...but isn't linear demand equation 'Q = a - bp' ? I think 'Q = a + bp' is for supply!
@zeryab555
@zeryab555 6 жыл бұрын
actually, both equations are same ( Q = a + bP) but the only difference depends upon b ( the slope). If b is negative its demand equation ( Q = a - bP) and if b ( the slope ) is positive it is supply equation ( Q = a + b P). Demand curve has a negative slope and the supply curve has a positive slope.
@055wijewardanalbsu3
@055wijewardanalbsu3 6 жыл бұрын
watch the whole video brother.
@ParminderKaur-in8sw
@ParminderKaur-in8sw 4 жыл бұрын
can we derive supply equation from demand equation, MR equation and MC?
@tadiwanashechimuka8324
@tadiwanashechimuka8324 3 жыл бұрын
That song in the beginning is really good
@rebeccaonyango5799
@rebeccaonyango5799 3 жыл бұрын
Hellow...why did you only choose a price of 2 and quantity of 200 And not any other i.e. price os 1.5 and quantity of 300 Kindly explain
@bharathiyamanth7338
@bharathiyamanth7338 4 жыл бұрын
Thanks a lott , it helped me very much 🙏🙏
@ShantanuUpe
@ShantanuUpe 2 жыл бұрын
Logic explained precisely
@sumeetkaur3942
@sumeetkaur3942 3 жыл бұрын
Perfect explanation 👍
@truman5560
@truman5560 4 жыл бұрын
this guy is amazing
@leatherdump860
@leatherdump860 2 жыл бұрын
How to solve Quantity Demanded and a given price??
@imemeuwu
@imemeuwu 3 жыл бұрын
Thank you so much 🙆‍♀️🙆‍♀️🙆‍♀️
@victoriachamberlin3461
@victoriachamberlin3461 4 жыл бұрын
thank you! This helped a lot! Also, "depependent" lol
@lorenzorichards7093
@lorenzorichards7093 4 жыл бұрын
😂
@Elected_Official
@Elected_Official 6 жыл бұрын
Sir, you are the best !
@dariusaliyu3103
@dariusaliyu3103 5 жыл бұрын
having a problem can u help out
@lisettearena
@lisettearena 6 жыл бұрын
Thank you so much! Very helpful!
@_grxnny
@_grxnny 4 жыл бұрын
Thank you! This helped me a lot.
@mkyeluri
@mkyeluri 3 жыл бұрын
when Price and Demand are inversely related to each other, how could this equation Q = a + bP correct? Shouldnt it be Q = a - bP?
@roseannie-mjay
@roseannie-mjay 2 жыл бұрын
I’m confused myself😐
@omarsimpson8414
@omarsimpson8414 7 жыл бұрын
This video just opened my mind , thanks alot!!
@Frootyloops629
@Frootyloops629 3 жыл бұрын
wow so glad i met you
@battulga43
@battulga43 5 жыл бұрын
Thank you! great explanation.
@classicytuber3104
@classicytuber3104 2 жыл бұрын
Your the best thanks so much
@jefseybanlasan1645
@jefseybanlasan1645 Жыл бұрын
title of your intro music pls?
@supitchasokrai9883
@supitchasokrai9883 3 жыл бұрын
Thank you so much 🤍🤍
@danielmworia1240
@danielmworia1240 6 жыл бұрын
Awsome, Just what I needed thanks mate
@EnaHanaStudio
@EnaHanaStudio 5 жыл бұрын
sir may i go to the restroom
@E22
@E22 4 жыл бұрын
Econ is life
@enelrahcreivaj
@enelrahcreivaj 2 жыл бұрын
Clear! Thank you! ♥
@BanditapatowaryArt
@BanditapatowaryArt 4 жыл бұрын
Thank you🙏
@Art36o
@Art36o 3 жыл бұрын
You saved my brain
@MohamedAhmed-he2du
@MohamedAhmed-he2du 11 ай бұрын
Thants was great thanks ❤
@anchitvg
@anchitvg 6 жыл бұрын
What's the name of the song in the Intro?
@peekaboodoraemon3473
@peekaboodoraemon3473 5 жыл бұрын
How to get the price when it’s not given?
@thisisyoutubetv3235
@thisisyoutubetv3235 Жыл бұрын
Bravo 👏🏿
@heinkenival4078
@heinkenival4078 3 жыл бұрын
Thank you for the song!
@yemcity7867
@yemcity7867 6 жыл бұрын
Beautiful lesson, Thank U
@DariaAleshkova
@DariaAleshkova 3 жыл бұрын
Thank you so much, kind sir! My textbook explains this horribly!
@deadenderbg1297
@deadenderbg1297 3 жыл бұрын
i agree
@mohamoudabdishakour1095
@mohamoudabdishakour1095 8 жыл бұрын
thanks, you really been helpful ❤
@marnv2956
@marnv2956 3 жыл бұрын
Thank you and God bless
@FromBeautyToBrains
@FromBeautyToBrains Жыл бұрын
i like the intro whtis the name of music
@seniorax6380
@seniorax6380 5 жыл бұрын
Tnx For Expaling This
@frankmuragijimana6083
@frankmuragijimana6083 28 күн бұрын
Thank you so much
@g_kirtiman
@g_kirtiman 4 жыл бұрын
@ 2:47 You got the equation wrong from the start. It is Q=a-bP. Not Q=a+bP. So the rest of the video is all unreliable. Except the method, of course.
@JasonWelker
@JasonWelker 4 жыл бұрын
The 'b' variable is negative. So it's Qd=a+(-b)P. Watch the video. It's all explained.
@formanauto6034
@formanauto6034 7 ай бұрын
Good morning sir. Please explain rise and run again in simple way, similarly if price 1$ increase, how much does the qty demand fall using rise and run concept. Sir when price is decreasing and why do we say, it's rise rather we should say fell and run. Your comments please. Thanks and Regards Raja Aurangzeb from Lahore Pakistan.
@abenezerzewge
@abenezerzewge 14 күн бұрын
What a tutor
@opokuemmanuel2800
@opokuemmanuel2800 4 жыл бұрын
Why not Qd=a-bp
@mudithamalinda8464
@mudithamalinda8464 7 жыл бұрын
Thanks A LOT................................................
@horacioramirez6587
@horacioramirez6587 3 жыл бұрын
just nice bro
@wilmarvillanueva1
@wilmarvillanueva1 3 ай бұрын
For some reason the problem I did had the Q on bottom and P on top
@iwannabeadoor4035
@iwannabeadoor4035 4 жыл бұрын
good video thank you
@sourcloud_
@sourcloud_ 3 жыл бұрын
thank u sir!
Linear Demand Equations - part 2 (NEW 2016!)
5:50
Jason Welker
Рет қаралды 32 М.
How to Calculate Market Equilibrium | (NO GRAPHING) | Think Econ
6:08
When you have a very capricious child 😂😘👍
00:16
Like Asiya
Рет қаралды 18 МЛН
Managerial Economics 2.1: Demand Functions
15:18
SebastianWaiEcon
Рет қаралды 90 М.
Example: Supply and Demand
7:56
James Hamblin
Рет қаралды 298 М.
Drawing Demand and Supply
6:28
Constantin Bürgi
Рет қаралды 52 М.
Linear Supply Equations - part 1
7:39
Jason Welker
Рет қаралды 127 М.
Change In Quantity Demanded Vs Change In Demand.
18:13
ECOPLUSHABOY
Рет қаралды 2,4 М.
Demand and Supply Part 1
25:44
Elias Muwau
Рет қаралды 69 М.
Elasticity Of Demand: Price Elasticity Of Demand.
31:39
ECOPLUSHABOY
Рет қаралды 3 М.
Market Equilibrium, Shortage vs Surplus
4:24
InLecture
Рет қаралды 59 М.
When you have a very capricious child 😂😘👍
00:16
Like Asiya
Рет қаралды 18 МЛН