The Law of Supply and the Determinants of Supply

This lesson introduces the concept of supply, the law of supply and the determinants of supply.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

[@glynlang721]

Your videos on macroeconomics are the first ones I understand, trust me I searched a lot of them. Thank you!

[@siphiweshabalala9840]

Thanks for making the subject so clear. We need more of these in our education systems. Thank you

[@koko94727]

You are a blessing to our generation. Thanks for this detailed lecsson. I am so grateful.

[@TheBeautyGirl555]

AMAZING! so simply put yet so effective when it comes to reviewing.

[@brebrandon5341]

I understood this with the first watch. You really made it simple and easy to understand.

[@rewansaad7921]

keep going Mr.Welker, it's an amazing illustration!!!
THANKS SO MUCH

[@malihakarim1696]

Thanks for making this video. These are really helping me study for my exams.

[@andrewpark3874]

I have one question. I do know this video is old however I was wondering for expected future prices you stated that production would increase today if demand rises but that doesn't necessarily mean supply would rise would it? Because wouldn't firms hold off on supply and store it then increase the output when the prices rise?

[@nathansawatzky5119]

Hey Jason, thanks for these super helpful videos. As an audio-visual learner, this is so much easier and faster for me than reading a textbook. A couple notes for improving this video: t he graph missed the point (8, 4.0). Also, "pneumatic device" at 8:55 should be "mnemonic device".

[@Swanselm]

Teach better than my professor 😭 I need to pass this class!!

[@fantasma6747]

Wonderful 👏 thank you Mr Welker 😊 🙏

[@namansavani2462]

a great help for review! thx
;)

[@rukhsarhasan544]

Incredible explanation..... The things you marked wrong assumption that eco students made is usually correct. hahah Thank you Jason

[@saeedullah2495]

appreciable effort esp 4 beginners ...thnx alot

[@mbvarnell]

Thanks great info easy to understand.

[@sendilj87]

Perfect ❤

[@edwinrelf8454]

There is an assumption in the law then - that as the price per item to the buyer goes up then the cost of supplying each item goes up ???

[@advocatedairykristinaa9767]

thanks for lecture it has helped me to understand supply clearly
thank uu

[@hritiksrivastava4198]

easy way to understand.....

[@mahadiarian9093]

I think you missed a point in the stores that there is also a determinant of the special circumstances e.g. weather.

[@Mar-hv9wj]

Mahadi Arian that’s under resources since it’s a effect of land

[@joysiraj9400]

thank you sir,

[@transfixtransportservices7956]

Awesome

[@shivkarangill4561]

keep it up..

[@Rey-kx4lz]

You da man

[@TeeNakii]

:)

[@youvegottoseethis5615]

A definition of supply.... for profit. A good thing. Not mentioned in your definition of supply. The WHY we supply is missing. THE MOST IMPORTANT VALUE IN THIS EQUATION IS MISSING. Next.

[@hritiksrivastava4198]

easy way to understand.....