Micro: Unit 1.2 -- Supply

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define market supply and explain the factors that contribute to the direct relationship
between price level and quantity supplied
- Explain changes in quantity supplied as price level changes, leading to an upward--
sloping supply curve
- Identify the 6 components of market supply (R.A.P.N.E.O.) and discuss how several
factors can influence supply
- Analyze changes in the components of market supply, predict the effects of those
changes, and then graph the changes on a supply graph
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[@instaminox]

Best video in the entire internet! Bravo!

[@blakelyann4822]

Great work, thank you very much for helping us to understand economics.

[@madpuppet666]

Hi. Thanks for this well made series on economics. Hope more people discover it. Now... my question... if you add a per unit subsidy to a product, I don't see why this would make them produce more. They'd only produce as much as is the demand, and the per-unity subsidy either gives them a bigger profit per unit, which increases overall yearly profits, or makes it viable (so they don't go broke). If they are already making a per-unit profit, then, even without the subsidy, they will produce as much as they can, regardless of any per-unit subsidy. Perhaps you could argue that the increased profit at the end of the year helps them expand faster... but I don't see that matches what you said...

[@instaminox]

WaW your videos are so underrated!

[@muhammadjunaid-wi7uk]

Awesome work. I suggest you to make a playlist on types of markets as it's a difficult chapter for many students.

[@Lindseyamazed]

You post this 3 days after my test and supply is the worst for

[@user-hq8yx6pd9y]

good job

[@arunkenta]

Your videos are too damn useful!!

[@mattdathew2794]

I guess adding a tax on the cigarette makers won't make them supply less, it may remain stable. Though the tax may deter buyers