Supply and Demand Solving for Equilibrium for Economics
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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.
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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 2 weeks ago
@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?
economicsfun 2 weeks ago
Thank you I really understood your explanation. Very helpful.
queenrgb1 3 weeks ago
@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 3 weeks ago
@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.
economicsfun 3 weeks ago
@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 3 weeks ago