Market Demand (Micro)
Complements and Substitutes (1/2/2012)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and Substitutes (transcript) (3/27/2007)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
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.
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.
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.
Happy Hogging! (1/16/2006)
Price hikes in anticipation of shortages can lead to re-allocation of scarce resources to higher-valued uses.
Lemonade Economics (11/2/2011)
Lemonade sale illustrates the difference between change in demanded vs change in quantity demanded.
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.
Roemer's Law of Demand (9/7/2005)
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
Small is beautiful? (9/7/2005)
A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.
Supply and demand (11/2/2011)
Market prices and quantities supplied and demanded are determined by the interactions between supply and demand.
Supply and demand (transcript) (3/27/2007)
Narrated lecture on supply and demand curves and price determination under free market.
Underground Sins (1/14/2006)
High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.