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Supply and Demand Solving for Equilibrium for Economics

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Uploaded by on Jul 6, 2011

Tutorial on how to solve for quantity demanded and quantity supplied using equations (algebra) used in economics class. Demonstration on how to determine equilibrium price and quantity (or market price and market quantity) and points on the demand and supply curves.

http://www.MyBookSucks.Com "Party More Study Less"

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Uploader Comments (economicsfun)

  • how come you graphed the supply curve y-intercept at four when it is -4? is the -4 just used for finding Q* at the equilibrium price?

  • @corbs2011 Good question, but I think you are thinking about what happens when the supply curve crosses the x axis. When p = 0, the supply curve would cross the quantity axis (x) at -4. The y intercept is determined when Quantity = 0. When Quantity = 0, then price is 4.

    Make sense?

  • Thank you I really understood your explanation.  Very helpful.

  • @queenrgb1 Appreciate the positive feedback. Do let me know how you do on your exams and the class. Also, if there are other topics you need help with please let me know. I am always looking for new ideas for videos to help students.

  • @queenrgb1Appreciate the positive feedback. Do let me know how you do on your exams and the class. Also, if there are other topics you need help with please let me know. I am always looking for new ideas for videos to help students.

  • @queenrgb1 Appreciate the positive feedback. Do let me know how you do on your exams and the class.  Also, if there are other topics you need help with please let me know. I am always looking for new ideas for videos to help students.

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  • @queenrgb1 Appreciate the positive feedback. Do let me know how you do on your exams and the class. Also, if there are other topics you need help with please let me know. I am always looking for new ideas for videos to help students.

  • @economicsfun

    Thank You!

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