Micro Unit 2 Summary (Old Version)- Supply, Demand, and Consumer Choice

Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility (26:15). Be sure to subscribe and get the ultimate review packet. Thanks for watching.

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a little acronym i was taught for change in demand is times/c

t-taste and preferences
i-income
m-market size(number of consumers)
e-expectations(future)
good

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