Change in Demand vs Change in Quantity Demanded- Key Concept

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  • Опубликовано: 25 авг 2024
  • A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.

Комментарии • 204

  • @Spetsnaz1220
    @Spetsnaz1220 9 лет назад +401

    Explained it better in a minute than my professor could in a semester. Thank you

    • @clubmimo123
      @clubmimo123 8 лет назад +4

      +Spetsnaz1220 now these days theres a lot of stuff to know. Thats prob y profs just brush over things. Sucks hard but not much we can do but rely on vids like these.

    • @jagerondayeet4764
      @jagerondayeet4764 4 года назад

      @@clubmimo123 ya but his guy explained it in 1 minute..... he got both the time and explaining done.

    • @RAGEEcs
      @RAGEEcs 3 года назад

      Soo true

  • @kalleericson8051
    @kalleericson8051 8 лет назад +103

    You just explained in one minute, what my professor did in 45. Thanks a lot!

  • @DWGotSwag
    @DWGotSwag 8 лет назад +98

    Mark Cuban is that you???

  • @e281tangy
    @e281tangy 4 года назад +10

    the only thing that affects quantity demanded is PRICE = perfect, thank you!

  • @coryt93
    @coryt93 9 лет назад +32

    I bet you're a really damn good professor; this was really good. You also kinda remind me of Mark Cuban haha

  • @emilyelizabethhhh
    @emilyelizabethhhh 10 лет назад +9

    Sad that I've never understood this concept in my two years of Econ class until now, thanks! Very helpful

  • @isntitswiftscenes4857
    @isntitswiftscenes4857 2 года назад +5

    Understood more from this one video than I did from an entire exams worth of lectures, thank you very much!🙌🏻

  • @Razor773_YT
    @Razor773_YT 5 лет назад +7

    Thank you so much this Cleared up all my confusion. I was worried with my upcoming midterm but now I understand it.

  • @silasphiri6734
    @silasphiri6734 4 года назад +1

    Jacob your explanations are absolutely amazing man, I sit in my study in South Africa and watch you speak for 10 minutes and I grasp the concept. Thank you Sir

  • @samanthalee4686
    @samanthalee4686 6 лет назад

    This guy explains it better than google.
    1:47 mins explained, very clearly and understood. VS a whole day reading a book and looking up on google and more confused.
    Thank you!!

  • @dylanchan7349
    @dylanchan7349 3 года назад +1

    You're a better teacher than my textbook, teacher, and smart friends combined. Thank you

  • @saim000falcon
    @saim000falcon 7 лет назад +1

    Oh man I watched many videos but you made my life easy... You have cleared my all concepts.
    Thanks a lot from Pakistan...
    Now I will show this video to my class mates...

  • @blessings1063
    @blessings1063 Год назад

    I literally said out loud "oh my goodness" because of how simple you explained this. This really saved a lot of my time. Thank you.

  • @ivancampos6754
    @ivancampos6754 6 лет назад +1

    I couldn't grasp the difference between these two but now thanks to you, it makes total sense! The simple graph on the board helped tremendously too.

  • @adamaim3452
    @adamaim3452 2 года назад +1

    Finally I can understand these graphs. Took 2 times rewatching this to get what I've been trying to get reading my text book for 6 hours now lol.

  • @DrBravo99
    @DrBravo99 6 лет назад

    i wish this guy was my professor under stood it so well and he doesn't speak in monotone

  • @joshtheld
    @joshtheld 4 года назад +1

    Wow I finally understand this! Shoutout to my professor who never taught it. I finally understand why they say a change in price doesn't shift the demand curve!

  • @tabussumsehar7746
    @tabussumsehar7746 7 лет назад +6

    idk how to say thanks to you.. you've been saving me from past year.. Thanks a lot ✌ i owe to acdc econ 😊

  • @GraceMusicSaxArt
    @GraceMusicSaxArt 11 лет назад +2

    Studying for my midterm and this helped me exactly. It brought everything back. Thank you!!

  • @sierrabreeding7161
    @sierrabreeding7161 5 месяцев назад

    I just have to say thank you for this. So simple and so easy to understand. I will definitely remember this - my macro midterm is this week!

  • @BloodAndSweatNoTears
    @BloodAndSweatNoTears 10 лет назад +14

    beautiful, succinct explanation

  • @elyastayar7057
    @elyastayar7057 4 года назад

    this guy looks like Mark Cuban !! thank you for explaining this in the simplest way ever, it's really helpful.

  • @shiyolep
    @shiyolep 10 лет назад +11

    Three words: Thank you, thank you, thank you!

  • @rosswhitlock3025
    @rosswhitlock3025 8 лет назад +2

    great help. I like how there's acdc on the board and on your belt buckle

  • @elizabethmills1286
    @elizabethmills1286 3 года назад

    Thank you for simply explaining what my Macro Economics professor didn’t explain to us for three classes.

  • @clubmimo123
    @clubmimo123 8 лет назад

    Understood it on the spot. Best of all, it took me a minute rather than an hour to understand this. Thanks yet again!

  • @helga7955
    @helga7955 6 лет назад

    You made my daughter understand in less than 2 minutes. Thank you soooooo much.

  • @macdonaldnoreen7391
    @macdonaldnoreen7391 2 месяца назад

    am gonna be writing a public exams in my country and this was super helpful
    thank you so much sir

  • @mariaakter9242
    @mariaakter9242 3 года назад

    Now completely cleared about these.Your explaining method is just outstanding 👌

  • @aishwaryakatare1967
    @aishwaryakatare1967 5 лет назад

    In just 2 mins you have explained the topic really well..thank you

  • @raquelisela
    @raquelisela 9 лет назад +3

    it was a simple video, but very helpful. thanks very much :)

  • @brianauge
    @brianauge 6 лет назад

    These small nuggets of knowledge have been extremely helpful, many thanks!

  • @kaetindall7274
    @kaetindall7274 Год назад

    Great Video, why did I think this was Mark Cuban at first lol. Thank you!

  • @co6742
    @co6742 7 лет назад +3

    Thank you for being so concise, yet thorough in your explanation!!!

  • @Kambroplays
    @Kambroplays 11 месяцев назад

    Thank you, My professor has a very heavy accent. This helps a lot!

  • @sharkluxry
    @sharkluxry 4 года назад

    Thanks for the short, simple explanation. I am taking a fully online econ class with no lecture. And its honestly hard.

  • @xaladrez7811
    @xaladrez7811 3 года назад +2

    Also wanted to add that
    The movement along the curve from A to C is an *expansion in quantity demanded* ( as Q increases) while the movement along the curve from A to a point above A is a *contraction in quantity demanded* ( as Q decreases)

  • @macbookbunny
    @macbookbunny 11 лет назад

    GENIUS!!! my econ teacher never explained it that way, she just assumed we knew, THANK YOU - hopeless usc freshman

  • @courtneyc5364
    @courtneyc5364 2 года назад

    Thank you for explaining this so concisely in less than two minutes! Exactly what I needed! :)

  • @daroyguy
    @daroyguy 12 лет назад

    Outstanding video!!! Confusion is now now non-existent. Thank you.

  • @AHMADWAER
    @AHMADWAER Год назад

    very very good explanation, better than many other essays, thank you very much

  • @budourhasona861
    @budourhasona861 11 лет назад +2

    thank you so much! I have a midterm tomorrow!

  • @tkt228
    @tkt228 11 лет назад

    Jesus this explained it so much better than my text book

  • @giacomomutti2589
    @giacomomutti2589 Год назад

    This man is such a legend

  • @TheChaz789
    @TheChaz789 6 лет назад

    Just wrote a thank you comment on another video a minute ago. Lol this channel is Gold!

  • @improvementcat8024
    @improvementcat8024 Год назад

    sending love from India G! you're awesome as a SUPERHERO!

  • @bree05101
    @bree05101 12 лет назад +1

    You rock dude! Like, i was super confused. CONFUSION CLEARED :D thanks a whole lot :D

  • @docdoc7496
    @docdoc7496 10 лет назад +26

    just straight to the point. dat is what i want. thanks

    • @xaladrez7811
      @xaladrez7811 3 года назад

      Your comment is straight and to the point too lol😂

  • @415Dub
    @415Dub 10 лет назад

    Ha, thanks man. I've been reading for 20 minutes trying to figure this out, one under 2 minute youtube video and I got it now.

  • @aliyazhunussova5524
    @aliyazhunussova5524 3 года назад

    thanks a lot for that 1-minute video, very helpful

  • @ntandomadidaprime1867
    @ntandomadidaprime1867 Год назад

    I passed economics because of you....I love you

  • @LumerasLight1201
    @LumerasLight1201 10 лет назад +3

    Thanks for the clear explanation! This really helped me out!

  • @wandrag1430
    @wandrag1430 6 лет назад

    Great crash course sir to explain the concept perfectly. Well presented as well!

  • @ajibolabalogun9834
    @ajibolabalogun9834 Год назад +1

    An absolute legend

  • @realskitz
    @realskitz 11 лет назад

    Someone give this man a cookie.

  • @sameerbhardwaj6539
    @sameerbhardwaj6539 6 лет назад

    Simply,To distinguish, Just look if even at higher prices if demand is increasing in a graph, it means it is change in demand. Because in change of demand, price of commodity does not matter. What matters is the other determinants of demand like preference, taste etc. Even in higher prices consumer will buy that commodity if its his preference.
    Focus to the part where he says people are somehow buying even at 5$. Thats change in demand.
    Price matters in change in quantity demanded not in change in demand.

  • @mhockey14
    @mhockey14 12 лет назад

    You are so much better than my teacher

  • @budourhasona861
    @budourhasona861 11 лет назад +2

    I agree! I wish he was my instructor!

  • @ItstheGG
    @ItstheGG 7 лет назад

    Mark Cuban just taught me Econ #winning
    That was really helpful, Thank you

  • @ishyr3414
    @ishyr3414 9 лет назад +4

    legend among men

  • @RAGEEcs
    @RAGEEcs 3 года назад

    Universities are starting to become useless. I pay for university yet get much better value and understanding out of free youtube. Thanks man

  • @summerhu3875
    @summerhu3875 Год назад

    Wow, this video is amazing! Right to the point! thanks!

  • @ckysusanliu
    @ckysusanliu 4 года назад

    2020 still watching it. He rocks

  • @CelestialChrissy97
    @CelestialChrissy97 11 лет назад

    Your videos are awesome! i could read my text as much as i want and it still cant make as much sense as you do in 5 mins....thanks a lot! :D

  • @zhangjason10
    @zhangjason10 6 лет назад

    Quick and to the point nice job

  • @G.T_666
    @G.T_666 6 лет назад +4

    BRO... *IT WAS REALLY THAT SIMPLE THIS ENTIRE TIME????*

  • @fartingmenace
    @fartingmenace 10 лет назад

    im so thankful for these videos cramming before my ap test..

  • @mariavandenheuvel1199
    @mariavandenheuvel1199 4 года назад

    Well explained in 2min!!
    Thank you

  • @tariqmohiuddinahmed7100
    @tariqmohiuddinahmed7100 11 дней назад

    Amazing explanation 👏

  • @MISHIxxxx
    @MISHIxxxx 9 лет назад

    So clear and easy to understand!!

  • @JoeSmith-zm9ur
    @JoeSmith-zm9ur 6 лет назад

    I wonder how this video even has dislikes... it was perfect...

  • @unix_5587
    @unix_5587 Год назад

    Makes a lot of sense. Thank you brother

  • @sashapruss4700
    @sashapruss4700 10 лет назад

    this is easy to understand, engaging and very helpful. thank you, I subscribed. hopefully this can help when I have to take econ in college too.

  • @zayedalmazroui7942
    @zayedalmazroui7942 9 лет назад

    You make life easy thanks a lot

  • @ibs_haver
    @ibs_haver 6 лет назад

    Jesus if only my econ professor was this succinct.

  • @kareenabalsara8910
    @kareenabalsara8910 6 лет назад

    Intro to economics on Tuesday! Wish me luck

  • @dr_atheist4272
    @dr_atheist4272 8 лет назад

    It's a very interactive video, right as I looked away, he told me to pay attention.

  • @Luvpandies1
    @Luvpandies1 10 лет назад +4

    this helped me so much!

  • @ratulmahmud2900
    @ratulmahmud2900 5 лет назад

    What a.......Class....Osam.💕💕💕

  • @weix1181
    @weix1181 Год назад

    short and simple, thank u!!

  • @kaes2425
    @kaes2425 9 лет назад

    omg u made more sense in 2 mins than my professor did in 4 weeks

  • @eli.8991
    @eli.8991 9 лет назад

    wow, easy and informative.

  • @ceeshanks8319
    @ceeshanks8319 5 лет назад

    thank you soooooo much! Your explanation helped me understand this better!

  • @marieo.7593
    @marieo.7593 6 лет назад

    I need this for my exams tomorrow! Gosh! Thanks!
    *well, later i mean, its like 2:47am here 😂😂

  • @tarektahan7759
    @tarektahan7759 7 лет назад

    I soooo want this guy to be my business or exec teacher

    • @elizabethmills1286
      @elizabethmills1286 3 года назад

      I want him to be my professor to be honest for Econ or maybe even accounting

  • @kirstenfrison5383
    @kirstenfrison5383 11 лет назад

    you should teach econ at Ohio State! my econ teacher is terrible!!! thank you for saving me:)

  • @ThatGuy0791
    @ThatGuy0791 3 месяца назад

    thank you for the explanation sir!

  • @morningawesome
    @morningawesome Год назад

    △ in quantity demanded is movement along curve. the only thing affecting QD is price.
    △ in demand is shift along curve.

  • @tasneembaluchi
    @tasneembaluchi Год назад

    thank you it make all sense now , much love

  • @dannyfinancial214
    @dannyfinancial214 5 лет назад

    fantastic job

  • @wilymwinyi9996
    @wilymwinyi9996 5 лет назад

    So well understood
    Thank you

  • @msgeron
    @msgeron 11 лет назад

    Thanks coach keep it up your awesome

  • @user-mr5fv1nf5l
    @user-mr5fv1nf5l 8 лет назад

    Thank you very much, I almost died because of the word demand in my book.

  • @fartingmenace
    @fartingmenace 10 лет назад

    Lol, coming back to this before the AP TEST!

  • @samanthamarionn
    @samanthamarionn 11 лет назад

    you sir, are a genius

  • @LucidEnigma21
    @LucidEnigma21 12 лет назад

    Thank you so much!! Currently learning this stuff and was stuck on the difference, helped alot man! :D

  • @heinzzketchupp6851
    @heinzzketchupp6851 5 лет назад

    This helped a ton! Thanks!

  • @lutongliang6073
    @lutongliang6073 8 лет назад

    Thank u so much! It 's a very clear explanation.

  • @vinayvis821
    @vinayvis821 6 лет назад

    Thank you so much man-living legend!

  • @andrews6882
    @andrews6882 11 месяцев назад

    Hey, it’s the guy from Crash Course