Linear Supply Equations - part 1

[@hrusshikmehta2362]

This is seriously the best way to study economics I just love your videos

[@ndlovukazilily]

Here preparing for a test I'm writing in 5hrs, and this has been such great help. I couldn't understand how "c" could be negative. Surely going through the channel from here ✨

[@21LeonidasZ]

Hello there, I am an economist myself and I knew that the value c in the supply curve can take any sign. However, I found myself not being able to interpret this in my head and your video helped me for that thanks.

[@citrusdreams]

i was struggling a lot with understanding how to derive the supply curve but your video helped so much!!

[@nevermind1875]

Thank you so much. It's much clearer now.

[@JohnSmith-ks1fn]

Dear Jason, I was watching your video to learn more about Linear supply equations and I saw that your values do not math up. As you have made your Quantity supplied for price being 2 as 20, your equation ¨'40 + 30p" does not work for the point when you plug price as 1 to get your quantity as 0 (that is what you said in your supply table). The value for price = 1 is actual -10 if you use your equation "-40 + 30 (1) = -40 +30 = -10." Hopefully you can change the values or you can inform your viewer before they watch that there is a slight error that has been made, and you can change it. However your 2nd video shows that price is meant to be 1.333 when quantity is 0, and so it makes it clear, but for the viewers who watch the 1st video, it confuses them. (it's just a head up!, but i really liked your video, its very informative) Thank you for your time. Regards, John Smith

[@JasonWelker]

Hi John, Thanks for the heads up, however it should be noted that the supply table is accurate in that at a price of $1 the quantity supplied WILL be zero, not -10. Obviously, it is impossible for producers to supply a negative quantity... hence the lowest possible Qs = 0. Of course, if you plug in a price of $1 to the equation the Q you will determine is -10, but since this is an impossible quantity to produce the actual quantity produced at this price will be zero. I hope that clears things up. Best, Jason

[@JarnailSingh-lr5fi]

really helpful Jason - thanks

[@kirillkolk9912]

Thanks you! Hello from Russia!

[@kellyk104]

Thank you! Thank you! Thank you!!!!

[@farhan9632]

amazing sir ! please post more videos related to final exams may 2019

[@tamimabdullah643]

Helped me a lot.🥰🥰

[@zackmudd2936]

you saved my life

[@sachisamarasinghe5686]

Many thanks !!

[@breadnyan4930]

4:48

[@rafikmahermatiewh3735]

I have a question. Why isn't C just zero? Suppliers don't produce at negative quantities. I am not sure that is logically possible. Isn't it more intuitive that at price zero, there will be zero quantity produced? And therefore C should always be zero. (Except as you've mentioned in the case of subsidies).

[@chakrobaak9064]

Thank you Sir.

[@icarusshepherd1724]

I have a question... Do you have to substitute 5 and 4 as price? I used 1 and 7, got different results...My c value is -28.333.

[@busolaakinyera2443]

Very helpful

[@CompCode-Central]

Mathematically this doesnt make any sense, cuz the the C variable in linear regression is always the intercept of Y-axis. I'm confused

[@jawthetransformer1093]

his graph is backwards, in an Algebretical sense it's Y=mx+b he just has it reversed as y=b+mx. same eqution though. It'll probably help to know Qs= dP+ c.

[@sephiayvonnereyes1194]

Thank you so much :) huge and great help - love from the Philippines 🫶

[@Sejaljoshi-rp7kv]

thank u so much sir

[@farrelsirah]

Thanks

[@ECONMATHS]

Data you took is not accurate. since itz a linear supply function the " inverse of slope " should have been constant at different price quantity combinations

[@MarvinMagdaong-c2e]

Is there a formula when the price was the one that is missing? 😁

[@whywhy6458]

What if C is positive??