explanations are easy to understand and surprisingly calming. thank you for making your channel!!
@econhelp_official2 жыл бұрын
You're very welcome Shape by Shana!!! Good Luck with your study!!
@mariamkeita86756 ай бұрын
Trying to finish this problem set that's due in 50 minutes and this video just saved me. I felt my brain getting bigger every ten seconds. Thank you so much!!
@GDPWorkingАй бұрын
That helps!! Thank you.
@take_a_photo223 жыл бұрын
thank you
@econhelp_official3 жыл бұрын
You're welcome! Thanks for the comment!
@ryankarnik35872 жыл бұрын
Love the vids keep it up
@adiplays53912 жыл бұрын
We should meet up some time!
@econhelp_official2 жыл бұрын
Thanks Ryan! I hope your study went well :)
@Gusto01722 жыл бұрын
Thanks, simple succinct explanations Great work.
@econhelp_official2 жыл бұрын
Thanks so much 🙏 good luck with your study 📚
@wrestworld24502 жыл бұрын
Very informative
@econhelp_official2 жыл бұрын
Glad you liked it! Good luck with your studies!
@olaf1538 Жыл бұрын
What a great and easy explanation
@econhelp_official Жыл бұрын
Glad it was helpful! Thanks for the comment!
@shalinisourav88282 жыл бұрын
Helped me!!!!
@econhelp_official2 жыл бұрын
Amazing! Thanks for the comment ❤️
@soubhagyaghosh85582 жыл бұрын
Thanks! I had a question.... Does the shift always needs to be parallel.?
@econhelp_official2 жыл бұрын
Good question and not at all! For instance, as you will probably see later in your course (if you cover taxes), we model the effect of taxes as shifts (for every price now we demand less for instance, because we have to pay a tax). When the value of the tax is a percentage of the price, then the higher the price the larger the tax, and so the shift is not parallel. Like this diagram www.economicshelp.org/concepts/ad-valorem-tax/. This probably doesn't make complete sense to you atm, but it will when you cover taxes :)
@soubhagyaghosh85582 жыл бұрын
@@econhelp_official Noted..Thanks fr d response , are there any general constraints or prerequisites fr such a non-parallel shift or kind of rotation as it seems....?
@WijthaGayan Жыл бұрын
why a long-run supply curve might slope upward ?
@econhelp_official Жыл бұрын
Hi! An 'increasing cost' industry will give you this, when the average costs increases as the industry expands (Q increases). One possibility is that the increase in demand for the inputs to production (labour, capital, land etc) leads to an increase in the costs of these inputs. Another possibility is that the good becomes more scarce (harder to come-by) as the industry grows - for instance mining for precious metals which are finite.
@WijthaGayan Жыл бұрын
@@econhelp_official thank you answering my question