Elasticity of Demand and Supply Coefficients- Micro Topic 2.4 and 2.5
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- Опубликовано: 12 янв 2025
- In this video I explain elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
Need help? Check out the Ultimate Review Packet for FREE: www.acdcecon.c...
I have just understood more in 7 minutes than i have in several classes... Thank You!
No kidding, holy.
I have a college exam on micro tomorrow. I've been studying this concept for 2 weeks now and this guy is the only one that nailed it. awesome video!
These is literally the best videos I've come across to explain my college level Microeconomics course. I felt incredibly incompetent when learning this at first and coming across your videos have explained everything crystal clear. The way you explain things makes everything actually make sense! You're a phenomenal teacher! Thank you so much!
even though this video was already 12 years old, it still give me the best explanation ever for micro in 7 minutes than any other video
30 pages worth of information explained in 7mins. Great video and the concepts were explained well.
maybe the guy should run a college of his own? )
You are a Economics king, god bless you Mr. Clifford. Now I think I'll pass my exam this morning. Thank you, you are a gentleman and a scholar.
did you pass? it’s been six years and you’re probably in college but i’m curious :)
Literally don't know 3 chapters worth of Economics so I don't understand any new lessons my teacher is teaching me. This helps. Like alot. Thank you Mr.Clifford.
i am getting demand and supply now. thank you very much, God bless you for what you are doing
+adwoa armah You are very welcome. Let me know if you need anything else.
do you do any course apart from economics
No, sorry.
adwoa armah h
OMG!!! Where was this video before??? Solved all my queries and helped me more than what ChatGPT, Bard, and Bing AI Chatbot could, plus my teacher too
made a ton more sense than the 45 min mit lecture, thank you
This video was published when I was in middle school and here I am using it to study for my final exam in my 5th year of college, thank you so much for what you do.
Thank you..Finally some one who teaches and explains, Unlike my teacher who can barely speak English or explain in terms people know
You explained the first two chapters of my masters course in language I can actually understand. Thanks!
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First time i understand the lesson in the class just because i watched this video. All thanks to the teacher. Appreciate it soooo much.
best econ teacher in the world . I bought the review packet !
you popped out like a miracle right before my micro exam, thank you so much for this video! :)
No. Never. You have to understand the meaning of economics on ´both plans: macro level and micro level economics. Because all your incomes are calculated and compared to the market rate. Than you realize that you are nothing compared to the real market.
Seriously you are a better teacher than my accredited MBA professor....
You have just saved my life. My assignment is due today and I was struggling a little trying to understand this. Now that that the basics are clear I will be able to make more sense of my readings. Thank you so much.
You are literally saving me, I just figured out I write 2 tests tomorrow and I haven't started for either. Thanks so much for the vids you are a life saver!!!! big thumbs up
Thank you sir. Tomorrow's our midterm exam and our professor has his complicated way on explaining this lesson. This was a great help to us filipino students. Thank you! :)
These videos are great for helping me study. I've taken Economics since highschool and sometimes I still don't get the concepts. ACDC Economics helps me understand econ just a little bit more! Thanks!
P.S: If you're not too busy, I think remaking this video with your new technology / film style would be great.
skipped 2 hours of class and learned everything in this 7 min video. thank you Mr. Clifford
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You sir, is a life saver, thank you for the videos and your efforts to help us students. I have a test tomorrow on Micro, Good Luck to all whom are taking the exam tomorrow :D
you, sir, ARE*... jeez
Thank you, I got 82% on my 1st test because of you. Thank you
This really was helpful. I studied for my last exam using your videos to explain concepts and got a 98. Thanks for the work you do!
the best channel for microeconomics so far
I understand the concept so much better now. Thank you for these!!!!
This method is very easy and profitable.Thank you very much for sharing your knowledge. Your explanations are so clear and understandable. Keep it up. God bless you, you're doing a great service to the world.
Thank you so much! So simple to understand. I feel a lot better about this topic now. My final is tomorrow and I understood it when we first learned it... I just needed some brushing up. Thank you!!!!!!
you are so good at teaching this in such a short time!!!! my professor has no interest in teaching at all!!
thank you!
i was scared for my micro test but after watching all of your videos for ch 2 and reading your powerpoints, i feel so confident. Thank you!!!!!
THANK YOU!! i was reading my textbook about this concept and nothing goes into my head at all, now i understand :D
Sorry vydo5454. I have a condition called isuckatspellingitus. I've had it everr sinse I was a litle kidd. I use to be self-consious abuot it butt now I dont give a crap.
thank you! been reading the chapter for hrs but you explained and made it clearer in 7 mins!
:) I wish you were my full time lecturer..You rock!!!
I understand you more then an entire month in class. Please comeback to videos like this, on the latests videos you “run” to much Thank you!!!!!
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=D
a whole chapter explained in 7 minutes.....a lifesaver....Thank you!
You remind me of Mark Cuban.
My midterm is in 2 weeks, I thought I was going to fail this course and now everything is making sense :') thank you so much!! -University of Toronto St. George campus student :)
Helps A LOT!! You are so much better than my micro teacher.. Keep up the good work!
Awesome video, I have been reading for and entire week almost none stop just to learn what has been explained in minutes...thanks.
You are the best teacher .Thank you for helping me in economics subject
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My prof for Managerial economics (MBA class) is pointing us to these videos. really great explanations, thank you.
You are making economics way easier. Thank you!!!
I am watching this video in 2020 and yes it is very helpful. Thank you!!!!!
BEST ELASTICITY VIDEO OUT THERE.! SO SIMPLE TO UNDERSTAND!
thank you so much i have a big test on this tomorrow and was very confused. You made it very easy to understand.
This is so much more helpful than my $84 textbook.
I hope I remembered this correctly because there were a few questions on this today.
All I can say is that basically the only questions I got right on the AP test were because of you. So thank you! (If I ever take macro or totally failed micro today and need to take it in college, I'm definitely finding you again because you rock.)
Made my life so much easier! I learn all my stuff from his videos
i have wasted so much time trying to understand this !!!!! i feel so dumb i should've just watched this video. YOU ARE AMAZING !!!!
dude you are a legend, best elasticity video ive seen
SAME HERE!!! Learn WAY more from his short videos, than a 3-hour college class.
Thanks bro. I like the energy. You made it simple and easy to understand.
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this man makes miracles
You explain this way better then my lecturer!
Amazing explanation right before the exam thank you so much
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This is one of my favorites topic in economics, but it's so hard to understand at first. Great video -thanks.
Even your old videos are great... Thanks, Clifford the Big Red Dog
am now getting the whole idea. thnx a lot Mr Clifford
Even though this is an older video it’s still super helpful
YOU ARE A GOD SEND. MICRO TEST IN AN HOUR!
Did you pass?
This video has the best explanation of elasticity of demand, I understand it so much better now! Thank you!
My prof really needs to learn from this guy
The explanation is really useful!
LOL@Beginning of the video, "omg is scary!!"" AWESOME video. Way better than my professor. Thanks.
It is really a great help! Thank u please post more vids.
It does help me a lot in understanding this heavy topic. Thanks a lot.
EXCELLENT!!! I'm taking an online course. GREEEAATT!! Supplement.
thank you, you saved the world! (no really, im taking the ap micro test tomorrow)
one more thing if Income elasticity of demand is > 1 then its a luxury good.
once again man, your helping me pass econ! thanks a bunch! :D
I watch two of these and I am ready for a test. Mr. Clifford have my babies.
i learned more in these 7 minutes than i have in 1 month from my college prof.
Fantastic you explain so clearly
Really great video, I'm getting my students to look at it for revision. I think there is one error. Unit elasticity will not be a 45 degree line, but will be a rectangular hyperbola. For example, for a 45 degree line changing the scales on an axis would change the slope of the line but wouldn't change elasticity. For any straight line demand curve elasticity will be infinity at the top, 0 at the bottom and 1 exactly in the middle.
I didn't realize how hard my teacher makes things seem till I watched this. Thank you!
I wish you were my teacher, our professors have been lecturing about this topic for too long, but I couldn't understand it till I watched your 7 minutes video.
thanks for the lessons, it really helped me in my test. God bless u sir.
This is truly amazing, really learned a lot!!
Yes Yes Yes!!! A big giant thank you!
"Mr. Cliffahd, you the real MVP."
-Kevin DooRant
Prof, tell the people to turn off their adblocker when watching your vid.
that we we can contribute to this channel
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Mr Jacob Clifford u r awesome economist
However; if they can't afford it, they are no longer part of the demand curve. Remember that you have to be "willing and able." If they aren't able then they are out so the line is still vertical.
Bad quality video but freeeeeeaaaaaaaaaaaaaaaking gooood quality of teaching THKS!!
"You either get it, OR YOU DIE" 3:31
Your video saved my time
SO NICE!!!!!!!!!!!!!!!!!SO EASY TO UNDERSTAND.
Thank you Sir! Fantastic explanation!
awesome explanation...👌keep up the good work
+aqdas khan Thanks
This video was really helpful, thank you so much!