Market Demand

Complements and Substitutes (1/2/2012)

Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.

Keywords: complements, demand, quantity demanded, substitutes

Complements and Substitutes (transcript) (3/27/2007)

Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.

Keywords: complementary goods, complements, demand shift, quantity demanded, substitute goods, substitutes

Demand Elasticity and Total Revenue (11/2/2011)

A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.

Keywords: demand elasticity, elastic demand, inelastic demand, total revenue

Demand Elasticity and Total Revenue -youtube (transcript) (1/29/2012)

A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.

Keywords: demand elasticity, elastic demand, inelastic demand, total revenue

From Seahorses to Viagra (9/3/2005)

Viagra and other similar western impotence remedies might have affected the demand for and prices of traditional substitutes.

Keywords: endangered species, impotence remedy, market demand, Pfizer, reindeer antlers, seahorses, seals, substitutes, tigers, Viagra

Happy Hogging! (1/16/2006)

Price hikes in anticipation of shortages can lead to re-allocation of scarce resources to higher-valued uses.

Keywords: gas, hoarding, Katrina, panic buying, price gouging, radio ad spots, resource allocation, shortage

Lemonade Economics (11/2/2011)

Lemonade sale illustrates the difference between change in demanded vs change in quantity demanded.

Keywords: change in demand, change in quantity demanded, lemonade

More Money, More Options (2/25/2000)

Fast foods are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.

Keywords: demand curve shift, fast food, income, inferior goods, normal goods, restaurant

Roemer's Law of Demand (9/7/2005)

Supply may induce its own demand where a third party practically guarantees reimbursement of usage.

Keywords: capacity, excess supply, hospitals, market demand, medical services, Medicare, Roemer's law, supply-induced demand, supply-sensitive care, utilization

Small is beautiful? (9/7/2005)

A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.

Keywords: demand shift, fuel efficiency, gas prices, preferences, SUV, tastes

Supply and demand (11/2/2011)

Market prices and quantities supplied and demanded are determined by the interactions between supply and demand.

Keywords: demand, demand shift, excess demand, excess supply, price determination, shortage, supply, supply shift, surplus

Supply and demand (transcript) (3/27/2007)

Narrated lecture on supply and demand curves and price determination under free market.

Keywords: demand, excess demand, excess supply, quantity demanded, quantity supplied, shortage, supply, surplus

Underground Sins (1/14/2006)

High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.

Keywords: Canada, cigarette, contrabands, sales tax, sins, smuggling, tax revenues