I have a question. On 8:35, why was price involved. Why did u have to show the equilibrium. Couldn't u just have done a shift to right in supply curve alone (without price)?
No because when your supply curve will shift, there will be a new price as well, because if cost of production becomes cheaper then not only will the supply increase but the market price of cars will also fall (because now they can price cars at a lower price while still keeping the same lvl of profits). So you will have to draw this change in your diagram as well.
Hi, I have a dobt in this video. On 8:35, you drew another supply curve to show increase in the supply of cars, but, didn't make another demand curve. Is this because the scenario given does not affect the demand??
its 4 am rn and my exam starts at 8. helps revise just before the exam
ur official igcse economics exam ? how did it go bro
@@abrarshariar942i think it’s mocks for him, me too😢
@@abrarshariar942or it could be a different timezone
@@abrarshariar942or it could be a different timezone
haha noobs its my exam at 8 am and im here studying at 7 20 ;--; study hard kids study hard dont be like me
I swear these online teachers are saviors!!
Who else is here before a test tmr
i'm here 5 hours before a test
O level tomorrow
Mee
@@Ibrahim_Chy same dawgg goodluck to u
i love this video but what about cost curves and inflation and stuff?
would love it if you could make a video on that as well
yes same
Thanks a lot for this explanations.i understood everything and i really appreciate it
Literally... Thanks a lotttt!
this man is amazing
thank you sooo much!! this will reallllyy help meee :) also, do 6 mark questions always require diagrams?
yes if the question states that you have to draw, then it carries around 4 marks
no not always only draw a diagram if the questions says draw a diagram and 2 marks for the explaination of your graph
Did you use the Cambridge IGCSE Economics textbook as a reference for this video?
Tysm!!this was really helpful♡
amazing explanation👍🤩
Thank you enormously!
you shud have added appreciation and depriciation of currency graph
thank you sm! earned a sub :)
Can you please give drawing solution for May 2012 Q 1
can we get an updated version of this video specifically I need year 2025
im pretty sure the content is always the same
you are a legend i love you so much.
Glad it helped!
@igcseonline what about the cost curves
You need to know the calculations mainly for those curves,the drawings are rarely tested
Please make a video on that too
I have a question. On 8:35, why was price involved. Why did u have to show the equilibrium. Couldn't u just have done a shift to right in supply curve alone (without price)?
No because when your supply curve will shift, there will be a new price as well, because if cost of production becomes cheaper then not only will the supply increase but the market price of cars will also fall (because now they can price cars at a lower price while still keeping the same lvl of profits). So you will have to draw this change in your diagram as well.
aggregate demand & supply curve?
hi can you do economics chapters from Edexcel plsss it will be very helpful...
Are these applicable to O’ Level gcse?
Hi, I have a dobt in this video. On 8:35, you drew another supply curve to show increase in the supply of cars, but, didn't make another demand curve. Is this because the scenario given does not affect the demand??
yeah
@@cubingandgaming6158 thxx
Is there the labour curve for 2023?!?!? Cuz ig its not in the syllabus..
I never learnt about it so I don't think so
8:38
Is this for paper 1 as well?
yes applies to any paper
Thank you so much!
Glad it helped!
bro I love you.
paper 1 this moring ayyyy
love u
i have my mock exam tmr am so cooked bro
Hey, are there any other diagrams? Just want to make sure i am not missing something.
The cost curves were not mentioned in this video
@@igcseonline oh ok. Thanks a lot!
Anyone doing econ mj 24? tap in
exam in 6 hours