GRAPHING DEMAND AND SUPPLY

[shuckyducky118]

Aloha Prof. Wendt. thank you for showing us, the public, the students, about how to graph Supply/Demand. I'm in Economics 130 here in Hawaii and we had to view your videos to get a better understanding of what we learned. I have to say that you broke down the elements so that anyone can pick up the techniques. I will continue to view your videos through the course. Mahalo

[sakl313]

thank you this helped a lotttttt :)

[harryPotterChannelXX]

plz subscribe

[wwendt9]

I am glad that it helped you. There are more of my videos at my website. Just click on Theory 01, 02, and 03 and you will see two of three more on various topics in economics. Hope this helps you as well.

[ead117]

Thank you for this video. I think I am starting to understand this better.

[wwendt9]

@ead117 I am glad that it helped you. There are more on my videos at my website. Just click on Theory 01,02,03 and you will see two of three more on various topics in economics.  Hope this helps you as well. //web.me.com/wwendt/minilectur­es/Welcome.html

[wwendt9]

Just to help, there is no difference. The Quantity equations are one way to express it, but the Price equations below are exactly the same, just that the independent variable is now Price rather than Quantity. You can tell this if you just rearrange the equations by leaving P on the one side, and then moving the 10 to the other side and then dividing by the 5 that is in front of the P.

Hope this helps you.

[biker52977]

I have a question for my class.... whats the difference between these equations?

Qd=50-5P , Qs=-10+5P

and

P=10-.2Qd , P=2+.2Qs ... If anyone know this, please get back to me asap, thanks alot

[biker52977]

you asshole

[wwendt9]

@biker52977 Your comment to me and to others shows that you are indeed a dodo and do not deserve to be online for any purposes. Those comments of yours are inappropriate and useless. You are a good example of the dumb dumbs that we are raising in our country today. Thanks for you, this country will become a third world one for sure. wmw

[biker52977]

@wwendt9 your video is terrible, i cant see shit, fix it and this is why your an asshole, thank you bye bye

[RKGvids]

Great video, it really helped me for my economics exam

[wwendt9]

@RKGvids Glad that you found it useful. Just wish the sound were higher. Thanks. wmw

[yasminnasir]

this helped me alot!!

[leahycolin1]

Very impressive tutoring. You have explained supply and demand in simple english. As a student , I have returned to part time education after 20 years and enjoyed your lecture immensely. Well done to you sir.

[stinemetz]

Thank you so much for this video. I was having a very hard time grasping this concept but it is all very clear now. Your explanation was wonderful. Thanks again!!!!

[ojpak]

sir,

thank you so much for this video review i am new to economics and it was very helpful to understand the basics. if i can get an info as to where i could watch more of ur lectures i will be gretful

tnx

[jillicm]

Well explained thank you! Post more!

[slingger3]

Thank you for this explanation of graphing supply and demand. Very helpful.

[immaKILLyouRABBIT]

this is why i encourage ANARCHY,

[wwendt1]

I have no idea what you are trying to say with this comment. Could you elaborate or be more clear???

[eddyvideostar]

@wwendt1.Dont worry Wendt1, Imma... has not done well in the trading aspect, or any aspect and anarchy is the only way of his gaining anything. Look as his You Tube name. How would you think that he would explain this?

[africasgateway]

Thanks this was very helpful.

[wwendt1]

Sorry I did not reply earlier. I have more of these on my .mac domain if you would like to see them. Just ask me.

[asianlucyloo]

Please let me know how I can see more of your lectures online. Thans

[DJBrokenHigh]

Thanks for the help! I really needed it.

[wwendt1]

Thanks, I really plan to do many more of these and to use a mike so that that is clear. Glad it helped you. wmw

[shakosk8]

very nice explanation. may i have your messenger ID? if you have any

[sensorglitch]

quick question, when determining elasticity, how do I know when I should use the simple formula, and when should I use the the average or midpoint formula? and what does bar Q and bar P stand for?

[wwendt1]

It is always easiest to use the mid-point formula. As for bar P and bar Q, do you mean "little triange" Q and "little triange" P. In the later case we are using the math notation for "change" so in that case it would be the "change in Q" and the "change in P". As you know the formula for elaticity is the Percentage change in Quantity divided by the Percentage change in Price Normally the notation bar (or a line over the variable) means the "average or mean" of a variable. wmw

[sensorglitch]

Thank you, this video is perfect to augment the information that I have already found in my text book. (Microeconomics 12th Ed - Ragan&Lipsey)

[culturalimperialist]

Very informational. I hope you continue this series. It would be nice if you were mic'd.

[wwendt1]

Hope you get this. I tried making a comment on your UTube site but am blocked. Yes, I will be posting more of these mini-lectures as many students need this kind of review. Thanks for the suggestion. William Wendt

[culturalimperialist]

Great! I don't know why you couldn't make a comment, I've certainly never blocked you. I'll check your other videos out now.

[wwendt1]

I did post a comment right after a read your posting of a month ago. Here it is again.

Hope you get this. I tried making a comment on your UTube site but am blocked. Yes, I will be posting more of these mini-lectures as many students need this kind of review. Thanks for the suggestion. William Wendt

[passenger61]

Thank you Very much. That is really good explanation of Supply and Demand

[wwendt1]

What I am working on is to develop short video presentations, hopefully with better lighting and sound than this early experiement, in order to explain concepts of economics and statistics to my students. In this way they can watch it several times and hopefully understand what it is all about. Thanks for your kind comment. If you have any suggestions for this project please let me know. wmwendt