A Collection of Articles, Opinions, and Research on the Economy.
This video is interesting in how it presents the creation of the supply and demand curves. It shows the viewer how the supply curve is created by the producers and how they would ideally like prices to be high and the quantity demanded to be high, while on the other hand the demand curve is created by the consumers. The consumers want the prices to be low. The consumer drives the prices down to a point of equilibrium where both the producer and consumer are happy with the price and the demand for the product is being taken care of. I overall enjoyed how this video presented this information from a real life perspective and showed how equilibrium price and quantity is formed.
I had a great time watching this video. I was having a semi difficult time understanding the graphs just by looking at them, but this brought it a nice real time visual and a great explanation as well. After watching this I have a much better understand about how supply and demand work and how they are related, and I got a nice laugh out of it too.
This video shows the basic workings of supply and demand from a shop owners perspective. The video starts by showing the consequences of buyers driving prices up to high, thus being left with a surplus. This situation simulates the supply curve, where, as a supplier’s quantity increases so will their price for the item. This is because there is a notion of demand, which drove the high supply of an item. But demand reacts opposite to the trend of supply. Customer’s demand for an item increases as the price decreases. Therefor if a price is too high people will stop buying an item. In the middle is an equilibrium where both buyers and sellers are at a happy medium.
When the price was rising in the middle of the video, it seemed as if there wasn't a slowdown in demand, so I got a little bit skeptical, but then that was rectified by the second half. It was an interesting take on it all, but they could have introduced complements and substitutes as well (perhaps umbrellas?).
I think this video is done very well in order to put supply and demand in simple terms. It showed at the beginning that when the canes started to become popular as the producers had a greater quantity of them, that it led to increased price in the cane. Then it showed the opposite how once the price became too high to the point where they were unaffordable for the consumers that the producers needed to lower the price to be in accord with the demand in order to earn money and get rid of the canes. I also liked how at the end it displayed what the equilibrium point was. Overall the video was very useful, and I enjoyed what it taught me about supply and demand.
This video provided a fun and interesting new take on supply and demand. The competition between the two shopkeepers was quite accurate to real life. I actually thought the graphics did an excellent job of explaining how supply and demand meet to create equilibrium. The graphs added a new spin on the usual line graphs by adding in the images of canes to show how much was actually demanded or supplied at certain prices.
Such a fun way to present the subject! Kept the topic nice and tight – supply, demand, market saturation, and equilibrium of price and demand. I do wish they had addressed substitution. It even seems as though they could have made a part 2 and talked about business mergers.
I enjoyed the visual depiction of supply and demand. Often when students are taught about supply and demand it's very rigid and one dimensional. But I feel that this video shows the various factors that influence supply and demand and show how veritable it can be.
This video was fun to watch. I already had a relatively solid grasp on supply/demand curves, but seeing it applied in the real world (and the dance world) helped me to visualize it more. I agree with Bonnie that they could have tied complements and substitues in, because thats where it starts getting really tricky.
Like a few others have already stated, I came into watching this video with previous knowledge about supply and demand curves and how they relate to one another. It was interesting however to see how they connected it with the real world, all while keeping it very simple and entertaining for the viewer. Again as a few others have already stated, it would have been beneficial to include complements and substitutes into the video.
This educational video was surprisingly entertaining. I believe understanding the law of supply and demand is essential to understanding how the whole economy works. I was already pretty familiar with the supply and demand concept before watching the video, but having a fun visual representation provided clarity. I would of loved if the video used the shop owner’s storyline to explain the difference between a change in demand/supply, and a change in quantity demanded/supplied. Overall, great video!
This was an easy-going approach to the idea of Supply and Demand. It was able to easily portray the supply curve as the view from the producers and the demand curve as the view from the consumers. Also, it literally showed what happens when you have a surplus or shortage and how it affects the consumer and the producer and finally at the end showed when the entire market is happy at equilibrium. It was an enjoyable video to watch and if I came in to watching it with no knowledge of the subject, I believe it would have been a very useful tool for starting to learn about Supply and Demand.
This video was a great way to pare down the idea of supply and demand curves, and finding equilibrium. This video adequately explains how low prices will drive quantity demanded up and how high prices will cause quantity supplied to increase, and adversely how high prices will drive quantity demanded down. It also explains that at the intersection of supply and demand curves you can find equilibrium, which is the happy medium for both consumers and producers. By not only acting out these changes in demand/supply curves, but providing visuals of the graph as well the video provided the viewers with the opportunity to learn in different ways. They taught the basics in a cute/funny manner that made it interesting.
I thought this video was interesting to watch because it was very easy to follow. Even though I already knew quite a bit of information about supply and demand curves I liked how simple this example was. I enjoyed seeing how supply and demand relate to every day purchases. I think it would have been interesting to add a third party shop to the mix to demonstrate how that would shake things up.
This is funny but we need to be serious with these sort of things, as supply and demand makes for huge difference, it is vital that we look around carefully. I am able to do it all fantastically well due to OctaFX broker and with their wide range of features and facilities including small spreads, quick execution, over 70 instruments and much more, it’s all truly rocking and helps me work out ever so well in any situation and easy profits.