Supply and Demand
July 14, 2021
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7:34Now PlayingSupply and Demand
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as posted by the channelSupply and demand! We've all hear these terms before, and we probably have a pretty solid conception of what they mean. But let's formalize them a bit by looking at the law of demand and the law of supply, as well as the substitution effect, the income effect, and equilibrium price.
Script by Matt Beat
Animation by Ignacio Triana
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