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Projected Supply, Demand,  Form

Projected Supply, Demand, Form

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Instructions and help about Projected Supply, Demand,

hey econ students this is jacob clifford i made this video for one reason to save you time in an economics class your teacher professors can expect to be able to use supply and demand not just no supply and demand so i made this video to bridge that gap between introduction and application as fast as possible now do me a favor don't take any notes as you watch this video the first time through just understand the concepts and then later if you need to come back and take notes so here we go everything you need to know about supply and demand in less than eight minutes okay let's start off with demand this is a demand curve and it shows the inverse relationship between price and the quantity that consumers are willing and able to buy so the quantity demanded when the price goes up the coin demanded falls and the price goes down the quant demand increases and people want to buy more there's three reasons for the law demand the first one is the substitution effect w

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