Supply and Demand Practice

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  • Published on Sep 13, 2017
  • If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
    Check out these videos for more details about supply and demand:
    Demand
    tvclip.biz/video/LwLh6ax0zTE/video.html
    Supply
    tvclip.biz/video/ewPNugIqCUM/video.html
    Shifting
    tvclip.biz/video/V0tIOqU7m-c/video.html
    Stop in the Name of Love
    tvclip.biz/video/NWfmXY8VjU0/video.html
    Get the Ultimate Review Packet
    www.acdcecon.com/#!review-packet/czji
    Macroeconomics Videos
    tvclip.biz/video/XnFv3d8qllI/video.html
    Microeconomics Videos
    tvclip.biz/video/swnoF533C_c/video.html
    Watch Econmovies
    tvclip.biz/p/PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
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Comments • 282

  • Maabomer Shamat
    Maabomer Shamat 2 days ago

    It's very helpful i understand well thank you

  • ibrahim Fofanah
    ibrahim Fofanah 13 days ago

    Thanks for your wonderful lectures

  • Evelyn Boateng
    Evelyn Boateng 16 days ago

    Cool

  • Kristie
    Kristie 28 days ago +1

    Thank you Mr. Clifford. We're going to graduate one day, I just know it.

  • xulivia
    xulivia 29 days ago

    my life saver I luv u

  • aidan crowley
    aidan crowley 29 days ago

    Dope vid thanks for the help brother. Keep up the great work and have a blessed night

  • sidraaa
    sidraaa Month ago

    who clicked on this bcos of the fidget spinner ๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž

  • Hezel Mawedze
    Hezel Mawedze Month ago

    thanks for shooting these videos they are really helpfull

  • Kyle Robson
    Kyle Robson Month ago +2

    Youโ€™re the goat for making Econ easier to understand

  • Cool
    Cool Month ago

    NGL I used this video to review and practice at the same time thank you this came in clutch an hour before my test

  • Tumelo Malinga
    Tumelo Malinga Month ago +1

    This videos was very useful to me, these practice exercises really helped me to prepare my self for my Econ tests.# Thanks Jacob

  • Peyton Davis
    Peyton Davis Month ago

    Helped me very much!! thank you!!

  • Fatima Abdullah
    Fatima Abdullah Month ago

    This was very helpful. Thank you

  • Miss Rosie
    Miss Rosie Month ago +1

    You are an amazing teacher but you speak too fast

  • Faizan Boy4
    Faizan Boy4 Month ago

    Video helped out a lot!

  • FKpwnrz
    FKpwnrz Month ago

    Unbelievably helpful

  • Christian R
    Christian R 2 months ago +13

    2019 at this is still helpful! Thanks Mr. Clifford!

  • Jared fairbairn
    Jared fairbairn 2 months ago

    screw you cliff

  • Amxr Y
    Amxr Y 2 months ago +2

    I WILL PASS MY EXAM BECAUSE OF U I LOVE U

  • N. Cruz
    N. Cruz 2 months ago +2

    Great review, just in time for my quiz. Thanks a lot

  • Hannah Hakes
    Hannah Hakes 2 months ago

    thank you for this! Helped me soo much on my online Macroeconomics class.

  • Thuleleni Kholwa
    Thuleleni Kholwa 2 months ago

    Thank you for the video, makes everything clearer.

  • Timothy O'Brien
    Timothy O'Brien 2 months ago

    9:02 Stress Balls? lol

  • Lebo Thekisoe
    Lebo Thekisoe 3 months ago +1

    Oh god I was going to drop my class tomorrow๐Ÿ™ˆnot anymore. This is amazing. Thank you so much.

  • Andrew C
    Andrew C 4 months ago

    I'm a business student taking macro and micro. Mr. Clifford's videos have been an absolute life-saver. He is an amazing teacher who helps clarify the concepts and makes learning fun and engaging. Thank you so much Mr. Clifford! (P.S. the Ultimate review packet is priceless!! Well worth the investment!)

  • Laurie McMullen
    Laurie McMullen 5 months ago

    What happens if the market ignores the demand for a product. Let's say no one wants to take the risk to produce something because the risk is too high because it is illegal to produce.

  • Cheesyboy Gaming
    Cheesyboy Gaming 5 months ago +1

    Thank you now I fully understand supply and demand

  • Rose Georpe
    Rose Georpe 5 months ago

    This is a very motivating video!

  • Johny L.
    Johny L. 5 months ago

    Great video! could you make a video about related, substitutes and complement goods when there is a shift of Supply or Demand?
    I believe this is a topic that confuses a lot sir

  • Daniel Simpson
    Daniel Simpson 5 months ago

    Good.

  • Jacqueline Ismat
    Jacqueline Ismat 6 months ago

    Your awesome.... you rock

  • Grรขce- Fรฉly
    Grรขce- Fรฉly 6 months ago

    Really helpful
    Thank you

  • Li syuen Liew
    Li syuen Liew 6 months ago

    This very helpful for my quiz

  • Manjinder Singh
    Manjinder Singh 6 months ago

    Awesome!

  • Don Jabra
    Don Jabra 6 months ago

    โˆšThanks

  • Christine Lau
    Christine Lau 6 months ago

    Actually,teachers and the test papers will not tell you if it is a normal good,subsitutes...in HongKong.๐Ÿ˜ท๐Ÿ˜ท

  • stella unya
    stella unya 6 months ago

    Thank you so much

  • MARIAN RALLOS
    MARIAN RALLOS 7 months ago

    Omg thank you for this video i watched before an exam and it saved my life

  • Eva carteny
    Eva carteny 7 months ago

    your videos are super helpful watching only your videos can make me understand and they are the only videos i find easy to understand โ˜บ๏ธ

  • Mark Angelo
    Mark Angelo 7 months ago

    this is great! super helpful

  • Ishaan Dasgupta
    Ishaan Dasgupta 7 months ago +6

    Amazing video for last minute revision ๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ‘Œ๐Ÿ‘Œ๐Ÿ‘Œ๐Ÿ‘Œ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘

  • Saher Hassan
    Saher Hassan 7 months ago

    Ughh number 4 got me goood!

  • Adel Kemp
    Adel Kemp 7 months ago +2

    Wow thank you so very much, I was beginning to pull my hair out with this subject, you really explain econ so well. I will definitely be using your video clips again.

  • JackyC
    JackyC 7 months ago +2

    Holy crap Clifford, never have I been so happy in learning something and understanding it! THANK YOU SO MUCH! YOU'RE MAXIMIZING MY UTILITY! Please supply more!

  • SIMEON DIMBU
    SIMEON DIMBU 7 months ago

    This activity is so helpful... we need more of practice videos

  • majok Manyiel
    majok Manyiel 7 months ago

    goat

  • Thobeka Promise
    Thobeka Promise 7 months ago

    it was really helpful....thank you Sir

  • Lebogang Mamakoko
    Lebogang Mamakoko 7 months ago

    Very Helpful thank you

  • Amar Sachdeva
    Amar Sachdeva 7 months ago

    you save my ass your clarifications is simple as i want i was searching for simple study like. Mr.C yours youโ€™re a saver

  • Donna Gatling
    Donna Gatling 8 months ago

    Thank you Mr Clifford your videos so very helpful and do not feel lost anymore.

  • shalin steele
    shalin steele 8 months ago

    Good day I need help with this question urgentThe demand function for product X is: Qd = 600 - 20Px + 0.02Y - 5Pr
    The supply function is: Qs = -300 + 10Px
    Where:
    Qd = the quantity of X demanded
    Qs = the quantity of X supplied
    Px = the price of product X
    Y = the average consumer income
    Pr = the price of the related product R 1.1 Is product X a normal or an inferior good? Explain. 1.2 Are products X and R substitutes or complements? Explain. 1.3 If Y = R35 000 and Pr = R20, draw the precise demand curve for product X. 1.4 What are the equilibrium price and quantity? (Hint: use the information from Question 1.3 as well. 1.5 What happens to the equilibrium price and quantity if other aspects remain the same as in Question 1.4, but the price of product R rises to R23? 1.6. What happens to the equilibrium price and quantity if other aspects remain the same as in Question 1.4, but income increases to R38 000? 1.7 What are the equilibrium price and quantity if other aspects remain the same; the income and the price of the related product are at their original levels; and the supply curve shifts to Qs = -360 + 10Px?

  • gringoos
    gringoos 8 months ago +1

    Had the flu for 2 weeks and couldn't go to class. I just spent 2 hours watching your videos and I'm ready for the exam lol.

  • Frederick Lekalakala
    Frederick Lekalakala 8 months ago

    Finally I can understand and digest economics...guess that milk helped...lol. Enjoying this

  • Karen Cuellar
    Karen Cuellar 8 months ago +1

    Thanks, seriously.

  • Michael Chow
    Michael Chow 8 months ago

    U kinda cute ;)

  • xolailaa
    xolailaa 8 months ago

    you have just saved my life omg thankyou!

  • Ericka Thomas
    Ericka Thomas 8 months ago

    i love you so much!!!! you helped me tremendously!!!

  • Sasha Teed
    Sasha Teed 8 months ago

    Thank you

  • jamie rable
    jamie rable 8 months ago

    Super helpful, thank you so much. You are a life saver, I get it now.

  • Celia Sciortino
    Celia Sciortino 8 months ago

    thanks bud this helped me out!!