Y1 9) Interrelated Markets (Complements, Substitutes, Derived & Composite Demand, Joint Supply)

[@miltonfriedman9018]

Great, filling in the gaps that my teachers failed to fill.

[@henrywison4589]

you're a bloody hero dal

[@FlixRacing]

Thank you so much Mr. Econ Plus Dal! Good luck everybody

[@aarontasawer2244]

The guy is a legend man defo gonna help me do my best.

[@Grandfinal43]

Love these videos, got me an A at AS as my teahcers where useless

[@hi-pg9bp]

This is like so motivating 😩

[@AjRicho21]

Man like Vikstar123

[@bobreyjeffery]

shut up 🤫

[@Kelvin_Ayodele]

More love dal❤❤

[@KiishanJeyanayagam]

For joint supply, if there is an increase in production of honey, wouldn't that cause the supply of honey to rise, not the demand of honey. Other websites and textbooks also say that the supply of one good has to rise, to cause the supply of another to rise.

[@alexdimitrov6299]

anything that shows an increase in production, doesn't matter if demand or supply is shifted

[@ionjz]

The supply of honey does rise, it just shifts along the demand curve, there by decreasing the price of the product to remain in equilibrium whilst increasing quantity supplied.

[@akshaymanglani82]

Thank you for the lesson!

[@zombiegaming2228]

such good videos

[@FlixRacing]

Good luck everyone

[@mriduljain5210]

Drinking game: take a swig every time he says "idea"

[@patvenning4383]

thanks dal!

[@joshwharin6796]

Keep up the vids

[@thandomajola2835]

what makes complements and derived demand different?

[@Danzii]

complements are goods used alongside other goods (pencil and paper) whereas dervied demand is the input used to make a good (input demand), so aluminium and cars fro example

[@nikhilagrawal2292]

sir , can u tell me what is the difference between joint and derived demand?

[@simar-sim1588]

Derived is more to do with resources , so more aluminium is required for more cars.

[@noor2330]

where's joint demand

[@tarounkumar2723]

litterally in the first 2 mins

[@Will-og4wo]

'beezwax'

[@lewin5276]

Lol

[@LindaAndrews-ly1qf]

JOINT DEMAND 0:29 COMPETITIVE DEMAND 3:17 DERIVED DEMAND 4:22 COMPOSITE DEMAND 6:26 JOINT SUPPLY 7:50

[@nsohgfajkgf2897]

I met him today he’s a legend !!!!

[@iftikharhabib5548]

I envy you man!

[@samueljwilson418]

Great video, really helpful to understand :)

[@manahilmansoor8007]

Why does price of beeswax decrease?

[@frankiegibson4204]

Supply shifts to the right so price falls

[@Totalgamerz112]

Well, as you can see, there is an excess in supply (supply > demand) when supply is shifted to the right. This means that the price mechanism will take place (In his earlier videos he explains it fantastically :D). But a short summary is that due to the "invisible hand" or rather market forces, price signals will be sent to the firms as they start to notice that the supply of the commodity is larger than the demand. This will incentivise them to compete the price down therefore there is a new optimum allocation of scarce resources for that good or service. Hope that helps ;)

[@Jezii]

Sakurako Ohmuro don't think even dal coulda explained it better

[@Totalgamerz112]

Jezii Thanks, I appreciate it!

[@henrywison4589]

perfectly said x

[@lewin5276]

Sus

[@dalmapeller2285]

sus

[@traxlink]

@@dalmapeller2285 hi