Demand and Supply Explained- Macro Topic 1.4 (Micro Topic 2.1)
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YouTubeJacob Clifford
Demand and Supply Explained- Macro Topic 1.4 (Micro Topic 2.1)
Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that ...
4.2M viewsSep 7, 2014
Price Elasticity of Demand Explained
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Gold has suffered its worst single day value decline in 12 years after the precious metal’s price had been soaring in recent weeks, hitting record highs day after day. However, jitters in the market overnight saw prices slump by as much as 6.3 per cent, settling at just over USD$4,000 an ounce. Click the link in the bio for more from 10 News. #10news #gold #goldprices
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Gold has suffered its worst single day value decline in 12 years after the precious metal’s price had been soaring in recent weeks, hitting record highs day after day. However, jitters in the market overnight saw prices slump by as much as 6.3 per cent, settling at just over USD$4,000 an ounce. Click the link in the bio for more from 10 News. #10news #gold #goldprices
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