Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?
Subjects
Sections | |||
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Introduction to Supply and Demand | 10 mins | 0 completed | Learn |
The Basics of Demand | 7 mins | 0 completed | Learn |
Individual Demand and Market Demand | 6 mins | 0 completed | Learn |
Shifting Demand | 45 mins | 0 completed | Learn |
The Basics of Supply | 4 mins | 0 completed | Learn |
Individual Supply and Market Supply | 6 mins | 0 completed | Learn |
Shifting Supply | 29 mins | 0 completed | Learn |
Big Daddy Shift Summary | 8 mins | 0 completed | Learn |
Supply and Demand Together: Equilibrium, Shortage, and Surplus | 11 mins | 0 completed | Learn |
Supply and Demand Together: One-sided Shifts | 28 mins | 0 completed | Learn |
Supply and Demand Together: Both Shift | 35 mins | 0 completed | Learn |
Supply and Demand: Quantitative Analysis | 40 mins | 0 completed | Learn |
Concept #1: Shifting Demand - Warning!
Concept #2: Shifting Right and Shifting Left
Concept #3: Consumer Income: Normal Goods and Inferior Goods
Example #1: Consumer Income
Concept #4: Substitute Goods
Example #2: Substitute Goods
Concept #5: Complementary Goods
Example #3: Complementary Goods
Concept #6: Consumer Preferences
Example #4: Consumer Preferences
Concept #7: Consumer Expectations
Example #5: Consumer Expectations
Concept #8: Number of Consumers
Example #6: Number of Consumers
Example #7: Demand Shift Summary
Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?
Practice: What happens in the market for beef jerky if customers expect a price increase in the future?
Practice: If cheese in a can is an inferior good, what happens to its market when consumer income increases?
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