Changes in Supply and Demand
July 29, 2021
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7:23Now PlayingChanges in Supply and Demand
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as posted by the channelWe 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 taxes. For elasticity of demand we must learn about the five determinants of demand. Let's check all of these out now!
Script by Matt Beat
Animation by Ignacio Triana
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