Y1 14) Income Elasticity of Demand (YED)
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- Опубликовано: 27 авг 2024
- Y1 14) Income Elasticity of Demand (YED). Video covering everything you need for Income Elasticity of Demand (YED)
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I REGARD you the father of economics, even greater than adam smith
Adam smiths books alright but he isn’t as hot
Bold Statement
the beauty of the division of labour, Dal has become an expert in teaching economics and his camera man an expert in producing high quality images. :D
@@jacobparker1105 i agree peter.....
facts
Why has this taught me more than my own teacher has in an hour of a lesson. Damn
I've just started my economics A level and i feel an A* on the way from watching your video. Thank you
3 months on, how’s it going?
@@EternalShadow1667 probably great if he doesn't need the videos anymore
what did you get in the end
this guy is a freaking legend - carrying the squad
Can u please show us how to build arguments in an essay please
Thank you so much. I neeeded a lecture on YED.
Q before you yeet
Awesome dude remember Q BEFORE U PEE!!
Perfectly explained ty..it'll help me to prepare for my acca f1 paper.
Brilliant explanation . Simply Inevitable
Honestly thank you so much!!
😮😮 the father of economics q b4 u p
Many thanks.
Will you be predicting what may come up in this years edexcel economics papers? Great videos, really helpful and entertaining - I'm hooked!
josh taylor second that mate 😂
@@freddiei123 third that mate
@@ahmedbenhariz8694 fourth that mate
@@arulgk9673 fifth that mate
@@uniqueunonymous1055 sixth that mate
Thank you!!
thanks dal. another lovely video
Hahahahahhhhaahahh fan girl
how do people not get mixed up between the elasticities
Just dont be dum 😁
Maybe try using quizlet, it’s magical for remembering specifics such as this
@@animehub1611 bit ironic
All you need to know is that for money u got to back it with labour or production.. that’s economics
then giffen good has what type of YED
Hi sir, if the YED is negative but greater than -1, can we say that it's a luxury good or does that only apply to postive YEDs?
it only applies to normal goods as you cant have inferior luxuries
Thank you so so much!
Shouldn’t it be responsiveness of demand not quantity demand as income can shift the demand curve? Please reply
the X axis is labelled as 'quantity' and the demand curve is labelled as 'Demand' (y axis is labelled as 'price' ; typical supply and demand model). So, when you pick a point from the demand curve and translate it to the x axis it combines both terms creating 'quantity demanded'.
Hope this helps
So helpful!!!!
Do YED, XED and PES also vary along the curve like PED?
Yes
❤more love
In my first year of A-levels. Please like this comment if it's been a few years, so I can remember my past 😊!
inspired
Khan Academy on top
Is profit elasticity of demand the same as income elasticity of demand?
4:29 I'm bad at maths can someone explain the 40%
100 - 60 = 40
40 divided by original = 0.4
( 40 / 100 = 0.4 )
0.4 x 100 = 40
Just follow the formula he gave
( Difference / original x 100 )
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