Question of statistic: could we put different quality class of the same (or similar) product in a graph of supply and demand, somehow? You know, like light beer or dark beer from the same brewery?
Hey! This is a great tutorial. I never took an economics course and unfortunately it is a section in the Praxis exam so trying to understand it. This was very helpful. I do have a question though.
On the part with Consumer Surplus and Producers surplus are you saying that consumers will always pay at a higher price then the equilibrium price and producers will always supply at prices less then equilibrium price? I am probably reading the chart wrong. ^,^;;;
@Petitetinypengu There are consumers that are "willing" to pay more. Since the market price is less than the price some consumers are willing to pay, they get a bargain. They don't have to pay a higher price.
@Petitetinypengu There are some consumers that are willing to pay more, but they do not have to. They do not have to because the market price is less. The key is they are willing to pay more. I added a video response call "consumer surplus example" on my channel economicsfun. Good luck on the Praxis
@JaysThoughts I hope I don't sound bored and I certainly hope my tutorials are not boring. I will try to pick up the enthusiasm in all future tutorials.
your way of presentation is amazing.
MrCurious121 7 months ago
Question of statistic: could we put different quality class of the same (or similar) product in a graph of supply and demand, somehow? You know, like light beer or dark beer from the same brewery?
therrydicule 8 months ago
He speaks really slowly. But thanks.
nicolechomeiling 8 months ago
This has been flagged as spam show
This is an awesome video, very nice quality!
Edvinauskas1 9 months ago
hey i made a song about this
soundcloud. com/enochian/ s-on-ds-nuts
enochian 10 months ago 2
@enochian that is really some crazy music. Thanks for sharing
economicsfun 10 months ago
@economicsfun I learned English from “fet system”
I learned Economics from “economicsfun”
I learned Math from “mathstutorbiz
ayakiguchi712 6 months ago
Hey! This is a great tutorial. I never took an economics course and unfortunately it is a section in the Praxis exam so trying to understand it. This was very helpful. I do have a question though.
On the part with Consumer Surplus and Producers surplus are you saying that consumers will always pay at a higher price then the equilibrium price and producers will always supply at prices less then equilibrium price? I am probably reading the chart wrong. ^,^;;;
Petitetinypengu 11 months ago
@Petitetinypengu There are consumers that are "willing" to pay more. Since the market price is less than the price some consumers are willing to pay, they get a bargain. They don't have to pay a higher price.
economicsfun 11 months ago
@Petitetinypengu There are some consumers that are willing to pay more, but they do not have to. They do not have to because the market price is less. The key is they are willing to pay more. I added a video response call "consumer surplus example" on my channel economicsfun. Good luck on the Praxis
economicsfun 11 months ago
Thank you so much! You really helped :D
merharsimsar 11 months ago
What program do you use to make these videos? If you don't mind telling me I would Appreciate it:) Thanks anyways
mariavega18 1 year ago
I like your voice, sounds like a radio.
Naturepheonix 1 year ago
@Naturepheonix Thanks!
economicsfun 1 year ago
Wow you sound kind of bored with this.
JaysThoughts 1 year ago
@JaysThoughts I hope I don't sound bored and I certainly hope my tutorials are not boring. I will try to pick up the enthusiasm in all future tutorials.
economicsfun 1 year ago
@JaysThoughts naaah its a good voice because you concentrate, i downloaded this on my ipod thanksss
adriang458 1 year ago
really good video:)
emgirl21 1 year ago
THANKS!!!
HSCMNGBCK 1 year ago
Oh I never liked economics but you are great. can u teach us some more lessons?
sidrabaig20 1 year ago
thank you
LoasthaGhost 1 year ago
yep it is helpful!
gothiccitizen 2 years ago
Thank You very much!!
It is very useful!!
sarabalila 2 years ago