Lemonade Economics - Demand vs Quantity Demanded

The quantity of lemonade sold is affected by both its own price and other non-price factors. - created at http://goanimate.com/

Category:

Film & Animation

Tags:

• goanimate cartoon
• kkfung1
• lemonade
• demand
• quantity demanded
• livingeconomics.org
• economics cartoon

[maxgunn555]

one thing though when that guy increases his quantity demanded without there being a change in price, when does the price change of the new equilibrium kick in (as the demand shifts up the supply curve)? does it mean next time he buys a drink the price will be higher? how can i get to your flashcon channel?

[kkfung1]

@maxgunn555

If enough buyers change their demand, a new market price will be reached. The new price level will then become the reference point from which to differentiate between change in demand and change in quantity demanded. Search for "flashecon" (no quote) in youtube.com to get to the "flahsecon" channel.

[maxgunn555]

Holy fucking shit why wasnt it ever explained this simply? WHYYYYY?

[kkfung1]

@maxgunn555

Maybe a good animation is worth more than a thousand words?

[rtvzonacentro]

I trying to understand economics. I work very hard and I still been poor. How I can understand economics in an easy way? thank you.

[kkfung1]

@rtvzonacentro

Please visit the "flashecon" youtube channel (youtube.com/user/flashecon) for more economics videos. livingecon also has helpful resources.

[7ifrah]

It would be more interesting if the Dr. have a good voice :(

his voice is hard to understand.

I like the explanation. thanks for sharing :)

[LucyLabrador1]

Non Price determinants of Demand.... it causes a shift in the Demand curve! Simple! :D

[TheMilkMan5300]

Thanks a lot! I've been wondering about this and you made it very simple. Economics textbooks should make this distinction on the supply-demand curve more clear.