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Supply and Demand - Getting Your Hands DirtyThis short video clip will go through a number of thought experiments concerning what will happen under different supply and demand shocks. excesscomfortablerepresentedexperimentsetymologiessubstituteconsumersincomesthingsquestionproductionmarketunitssupply and demandequilibriumrelationshippriceproduceeffectsdemandfeel comfortablecommercegoodssupply curveequilibrium quantitydollarseconomiescostspositiveequilibrium priceeconomyquantitysupplycurvefirmseffectcurvescostalrightscenarios
From Richard Gosselin
on March 27th, 2016
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