Example: Supply and Demand

In this video, we learn the basic ideas of supply and demand, and then solve an application problem involving linear functions.
College Algebra homepage: webspace.ship.e...

[@torrenmazwanga8426]

Really needed this explanation! Now am very confident writing my exams...🇿🇲😊

[@timbaros2157]

nice;)

[@salmamubarik-tt3py]

Dats great explanations 😍😍

[@todd8309]

A great detailed refresher during my Masters program. Thanks!!!!

[@RamRam-ni2gp]

Your video make me clear how to get units from demand and supply thank you again❤❤

[@rasakthazancherytazanchery724]

Sir, I am an indian
Loved your explanation about this topic and thankyou very much😍
I am watching this vedio 8 years after uploading this vedio😊😊

[@MissRuhi23]

Thank you for taking the time and posting this video. It was very informative and useful :)

[@uraaxeecaqligaaga4890]

Thank you sir but I have a question plz why price is on X axis.... I always used to see the price on Y axis. Thank u

[@HamblinMath]

It doesn't really matter which axis is which. Economists typically have price on the Y-axis.

[@uraaxeecaqligaaga4890]

@@HamblinMath thank you professor. Its Mohammed hassan from Kenya.

[@kuzupiokera1497]

Yup

[@basicknowledge12]

All Monetary Factors Comes On X Axis In Microeconomics And Vice Versa

[@joycetaus3983]

Thank you for this video! I am finding it very helpful with my homework/studying. I have a question for you: at 5 minutes and 43 seconds into this video, you say that, "At the equilibrium, the price of the T-shirts will be 600, there will be 600 T-shirts supplied, and 600 T-shirts demanded." --I am confused because I thought that the equilibrium price was $16?

[@Mus1c15MyL1fe]

this is prob a late reply but i just saw ur comment lol. the equilibrium price is in fact $16. the equilibrium quantity however is 600. 600 shirts being bought and sold is where the supply meets the demand otherwise either their will be a surplus or a shortage

[@rsadsultanov3071]

@@Mus1c15MyL1fe omg

[@julianmarschall3865]

THANK you good sir I desperately needed your kind of explanation :-)

[@ngwaiman9802]

Is price elasticity of demand d(price)/d(quantity) or d(quantity)/d(price) of the demand curve?

[@annalisiasherwood1419]

This helped me a ton thank you tons. Can you make a video on marginal cost?

[@lucidmoon8]

Thank you so much! A very detailed explanation.

[@RamRam-ni2gp]

Thank you soo much sr for gor this video 🤗🤗🤗

[@unleashspectacle370]

what would be the excess demand or supply if price changes to $400 and $120.

[@boerseunSA]

Hi James... Can you please help me what is the difference between q=a+b(p) and p=a+b(q)... Thank you

[@bigboss-912]

Sir can you please tell me that why there is a negative intercept in supply function?

[@thomasiso1776]

it was really a great presentation
thank u sir

[@maverick9843]

Beautifully explained, thank you so much sir

[@itachidm7675]

Great video

[@avelinomontillano1251]

Hi, I am new to supply and demand price equilibrium. I would like to know how and where did you get those values of -200, 50, 1000 and 25. Thanks!

[@bambino1018]

That's from the question... I don't think there's any other answer to your question 😕

[@sababadry]

We use the vertical axis for the price and the horizontal axis for the Quantity why Did you inverse them??

[@HamblinMath]

Because I'm teaching algebra, not economics.

[@Shivy_Tiwari]

Sir have you teach graduation level students

[@mart20224]

Please clearify how you got the 600 quantity,because you said S(16)=-200+50 and you said x 16 and you said =600.Please clearify cos am confused.

[@HamblinMath]

+Martha Maha S(16) = -200 + 50(16) = -200 + 800 = 600.

[@mart20224]

Thanks alot,its now clearer.

[@thebutterflyNL]

its like f(x) and he said S(x)

[@deepthajathan9788]

How u got -200 N 50

[@captaindon23]

damn....the equation is equal, wasn't thinking about that. lol Thanks

[@JennyjGx23]

Thank
you for this !

[@organised.]

Hello, in Economics, P and Q should be switched around.

[@abcd7851]

I got correct answer
Thank you

[@Marcellathompson121]

I don't understand where you get the 1200

[@HamblinMath]

I added 200 to both sides at 4:11

[@ramitchatterjee1458]

Very nice, sir!!

[@Sunflowersandthesun]

Thank you, so much!!!

[@chakrobaak9064]

Thank you Sir.

[@wickedgoddess7410]

Thank you I appreciate it

[@mathteacher2651]

Thank you very much!

[@sbjstudy2793]

Well donee

[@jimaimahgimife2025]

Thanks🙌

[@johnhenry8686]

THANK YOU

[@kartikeychauhan9285]

thanks

[@Charbrose]

anyone else on a test?

[@sbjstudy2793]

Sir

[@afzal5851]

In supply equation -200 means at zero price supply is -200,I think at zero price supply should be zero, because seller may not sell it at zero price then supply is zero,my question is how supply could be zero when seller not interested to sell it at zero price?

[@colddawn6851]

Supply is zero because they don't like to sell it at zero price.

[@jaymail_com__]

Bruh the question here is the same as yours ahhaha but Mine is Pesos not dollar

[@souravshome890]

thanks