Managerial Economics 2.1: Demand Functions

[@ganapathyaiyappa3327]

this absolutely fantastic explanation, i understood shift in demand curve for substitute and complementary , demand function , then i applied demand function to undestand the substitute and cmplimentary demand shift much more easily. such a good video Thanx a lot

[@dizzy3034]

You first mentioned wine (Pw) as a related good which is usually considered a complementary good but later on you say that alpha 4 Pw is a substitute. I'm a bit confused for that one specifically, other than that thank you for the amazing video it helped me understand 10 chapters in one video!

[@sebastianwaiecon]

When I say "related good," that refers to both substitutes and complements.

[@TobiasR-ig3pb]

thank you, very very helpful

[@mohamedabdulwahab5912]

Where did you get 200 send 2

[@NastehoNalka-dt7hh]

It was given

[@doppelgangerprinting4235]

Actually demand for beer increases when income decreases.

[@khadichaalakbarova4190]

How did you get formula,can you please explain?

[@rustym.shackelford5546]

How do you actually determine a demand function?

[@sebastianwaiecon]

There are two answers to this. Theoretically, demand functions are derived from consumers maximizing utility (see kzbin.info/www/bejne/iXq8l3WYpcholck&ab_channel=SebastianWaiEcon). Empirically, a regression might be used. I have lots of videos on regression on this channel if you're interested.

[@rustym.shackelford5546]

@@sebastianwaiecon Yes - could you link me to a regression video please. And thank you for replying.

[@rustym.shackelford5546]

@@sebastianwaiecon I've gone through the utility videos and I will practice them. Thank you.

[@sebastianwaiecon]

A good starting point would be weeks 12, 13, and 15 here: kzbin.info/door/zuEhJDS6lzwceeA09vIklAplaylists?view=50&sort=dd&shelf_id=1

[@ebenezerfynn1604]

Thanks

[@kirangill7331]

Sir i need more videos on managerial economics from pakistan

[@Tariqjamil555]

Thanks you sir ❤❤

[@mohammeds.kromah5297]

Thank

[@YUVABHARATDESH]

If you explain us a bit slowly then it will be more helpful for indians to understand, because your accent is different from us.... video was very nice and helpful.......

[@София-д3р7д]

He's speaking so slowly, I had to speed it up to 1.25x. If it's too fast for you, try slowing down the video.