This video explains the basics of the supply curve and how to derive its shape. It also explores the law of supply and its relationship to the quantity supplied and the price of a product. The video also gives examples of firms and the...

👉 Learn how to solve problems using percents. When solving problems with percents we will either convert the percents to decimal form or use proportions to solve. We will look to solve for the percent of change, the original price,...

Maximizing Function Word Problem

We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...

This video lecture explains the concept of elasticity and focuses on the difference between elastic and inelastic demand. The lecture also covers the basic formula for price elasticity of demand (PD) and how to interpret PD values,...

👉 Learn how to solve problems using percents. When solving problems with percents we will either convert the percents to decimal form or use proportions to solve. We will look to solve for the percent of change, the original price,...