Supply and Demand Basics

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This video is intended to be a basic video on supply and demand. How to draw the supply and demand curve for an exam. Although it seems easy, students often confuse the y-axis and x-axis labels. They can not articulate what equilibrium is or what the price is. Therefore, I think this video can help with the simple elements of supply and demand in economics.

Some of the below videos will help you gain further insights into Supply and Demand concepts in Economics.

Shifters of the Demand Curve:


Shifters of the Supply Curve:


Consumer and Producer surplus:


This one is more for fun but illustrates a conceptual idea about Deflation:

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