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\nMarkets and Equilibrium: Understanding the Interaction between Supply and Demand\n

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\nThe video discusses the concept of markets and the interaction between demand and supply. It uses the example of a Ferrari to illustrate how buyers and sellers negotiate and come to an agreement on price. The video also includes diagrams...\nThe video discusses the concept of markets and the interaction between demand and supply. It uses the example of a Ferrari to illustrate how buyers and sellers negotiate and come to an agreement on price. The video also includes diagrams to explain the inverse relationship between demand and price, as well as the direct relationship between supply and price. The concept of equilibrium is emphasized as the ideal point at which supply and demand are equal and a sale can occur. The video also mentions factors that can affect demand and supply curves.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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4:53
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2019
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Language
English
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Audiences
For Teacher Use
2 more...
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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business, markets, demand curve, demand, factors, equilibrium
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Additional Tags

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a-level, section, basics, 2.1.3, direct relationship, lecture presentation, quantity demanded, quantity supplied, supply curve, higher price, lower price, excess demand, quantity, supply, high, excess, price, find, function, ferrari, buyer, seller, agree, sale, occur, market, draw, diagram, remember
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Markets and Equilibrium: Understanding the Interaction between Supply and Demand\" href=\"/subscription/new\">\"Markets\n\n
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