Market equilibrium | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

Equilibrium price and quantity for supply and demand

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

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[clonetmx]

I would just like to say that I thoroughly enjoyed this diagram not because of the information provided but rather the penmanship this man has.

That is some fine penmanship.

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[rakisathark]

3:56 you know he's dedicated to making these videos when he skips lunch for it

[badugiful]

WARNING: There's a mistake in this video at 8:14. He says, "As you decrease the price, what's going to happen to the demand curve? Well, the demand is going to go up."

This is incorrect. A change in the price will not affect the demand curve at all. What will change is the *quantity demanded*. "Quantity demanded" will go up, but "Demand" (i.e., the Demand Curve) will stay the same. This is an important distinction that frequently trips up students. Be careful.

I'm sure Mr. Khan knows that distinction; he probably just misspoke.

[MOHIT-xmmk]

It was stupendously helpful for me. I was struggling with this 'equlibrium' concept for the last few weeks. This video helped me understand the nitty-gritties of the concepts. Thanks Khan Academy!

[nevinnarraidu]

Simple explanation and engaging manner. Thank you for making market equilibrium realistic and relatable.

[apytime]

You explain so well! Simple examples and clear speech.

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Sir, the way you explain make these complex topics so easy...Huge respect for you !!!

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This is helping me remember a lot of stuff I learned in Macroeconomics a couple years back. Thank you!

[richymt]

I will be answering my Igcses next year, and just started taking up Economics, i missed my class when teacher taught about market equilibrium, and i didnt understand when she tried to explain it to me back
But i found your video and this explained the topic better and now i understand the topic well, i know its been 8 years since this was first uploaded but thankss ❤

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multi-talented man! I taught you teach math only but you do both economics and environmental system too. Worth to watch. Every time I dont understand, I will come to watch your videos.

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