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Jan 2, 2015 · Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we s...
- 4 min
- 1.6M
- Marginal Revolution University
Sep 24, 2009 · This video introduces and describes features of the demand curveFor more information and a complete listing of videos and online articles by topic or textboo...
- 10 min
- 157.5K
- jodiecongirl
Understanding economics - this video provides an introduction to understanding the demand curve. Drawing a demand curve, movement along a demand curve and sh...
- 4 min
- 7.7K
- Time2Resources
A down payment on a house or a nice boat, or whatever else it might be. So really what we're doing, is at any point in this curve, this really is the marginal benefit for that next buyer. That marginal benefit to the market of that next unit of whatever you are producing. This is a very different way of viewing the exact same demand curve.
- 6 min
- Sal Khan
- A hint: when you read XXXXX marginal, interpret as XXXXX additional.
- You should watch everything in https://www.khanacademy.org/science/microeconomics/supply-demand-equilibrium first.
- Marginal benefit is the added benefit of each additional unit(thing) consumed. For example, You are thirsty. You drink a glass of water. Now that y...
- Sal covers the Production Possibility Frontier(PPF) here : http://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tuto...
- Remember that the word "marginal" means "the next one". You're going to want to think in terms of consumers on this one. Let's say you're hungry, a...
- http://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/production-possibilities-fr...
- That is the whole point of economics, predicting consumer habits. Some of us will wait (I'm assuming you will) but others will want to get the prod...
- Yes, it is. Sal does mention that the marginal benefit for the 3rd car is 40 at 3:30 But basically, the marginal benefit for the 3rd consumer is 40...
- Everyone in economics can agree on three: *Land*, *Labor*, and *Capital*. However, it is debated that there is a fourth: *Entrepreneurship* or *Ent...
Transcript. The law of demand states that when the price of a product goes up, the quantity demanded will go down – and vice versa. It's an intuitive concept that tends to hold true in most situations (though there are exceptions). The law of demand is a foundational principle in microeconomics, helping us understand how buyers and sellers ...
- 8 min
- Sal Khan
- The reason dates back to about the end of the 19th century when mathematical economics was really starting to coalesce (it didn't fully until the 1...
- Cetaris paribus, or, caeteris paribus, is a Latin phrase, literally translated as "with other things the same," or "all other things being equal or...
- What's the difference between quantity and quantity demand? I think quantity is changed when the entire relationship of the scenario changes oppose...
- The kind of good that you're talking about is called a price-inelastic good. That means that even as the price of the good changes, the demand for...
- Sal was just presenting an example to build off of, in the real world if you where setting your price for your book. You would look at your competi...
- The demand schedule indicates that Sal's ebook is very desirable. Hence, even though the demand is dropping as the price is rising, people still wa...
- It's called a shift... and rather going up and down, the shift is said to go left and right. The curve shifts to the left when the the value of pri...
- Quantity Demanded is the number of units of a good that people want to buy at a given price. Demand is the actual function of price that determines...
- If there is a hurricane, the entire demand curve will shift to the right, because for any given price, the quantity demanded would increase. Demand...
- Great question! First, this question will be addressed in future videos--demand alone tells us little about markets, we need to consider supply as...
So the quantity demanded is gonna fall. All right, So let's go down here to our demand curve and our final discussion for the page here. So the demand curve is a graph that's gonna show the relationship between the prices of a good and the quantity demanded at those prices.
Concept Quiz. This concept quiz covers key vocabulary terms and also tests your intuitive understanding of the material covered in this session. Complete this quiz before moving on to the next session to make sure you understand the concepts required to solve the mathematical and graphical problems that are the basis of this course. Question 1.
