Law of demand | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

Example of the law of demand

Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course

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[dreamevenbigger]

Khan Academy: "Making up for all the damage done by shitty teachers everywhere". Thanks for the videos, they are making my academic life so much easier!

[anthonykimathi]

This is good for internalising contents taught in class.Good job!

[alyssarusso]

i'm waiting for Space Whatever to be released.

[drewcordaro]

this is very helpful for anything school

[MengerMania]

You have the math correct and the economics incorrect. Price is always a dependent variable (vertical axis), determined by the ratio of goods given (including money) to goods received. You described an "asking price" not a price. (Also, distinct from a bid or offer price.) Also, you can never know a demand schedule in advance. You can only hypothesize about demand based on experience.

[redstonebow]

Chally getting sponsored by Khan Academy

[UnitedPebbles]

Increase price doesn't nec. decrease demand.
There are qualitative, need and desire, and other psychological factors such as: future look on price, overhead capacity, etc.
Don't listen to this man and his free academy.

Lol.

[keithallen]

Now if only Bernie sanders supporters would only watch this video

[gdogvibes]

I first learned demand and supply from the mission in Grand theft auto

[elitetech]

KEY TERMS IN THIS VIDEO:

1. The Law of Demand: Price and demand are related to each other
2. Demand Curve: The way economists measure the relationship between price and quantity demanded in an object

[sesaenosorez]

It’s like I pay 💰 college to teach me and when they don’t teach me I ask the teacher which sometimes doesn’t teach so I look YouTube videos or read on myself but I still pay for my college like what are we insane ? But again if you teach yourself it’s not really that useful

[madhurbharti]

Just love ur videos man and ur upbeat voice that makes me focus and understand everything. Keep them coming..

[thedrumman]

Thank you so much for this great explanation! As a person with a science degree, and 25 years interpreting non-business graphs, this whole dependent and independent variable thing in my first microeconomics course has been troublesome. I also appreciate your emphasis on demand vs quantity demanded, a very important distinction often not highlighted well by texts or professors.

[pedrogaxiola]

it bothered me in high school that price was he vertical axis and never made sense to me! just saying.

[Rex-enwz]

Thank you so much! got an exam for econ tmr, i was really confused at first, but then after watching your video, i'm clear with it! thank u !

[vxdeathlens]

@safeinsuburbia lol... look at his credentials on Wikipedia, dude. Also, he was a hedge fund analyst and he decided to quit his job in order to teach. He's far more intelligent than you...

[ZacharySmith]

@safeinsuburbia and...? Even given that those who can't do teach doesn't mean that those who teach can't do. :-/

If A -> B
B still does not necessitate A.

[marcindraczkowski]

The screen looks like the loading screen from GTA:Vice City. Even the handwriting looks similiar, love it.

[Jotto]

There has never been a greater time in history than now to be an autodidact.

[johnormond]

why is the audio in all of these videos only coming out of the left side?