-
Introduction 4
-
Lecture1.1
-
Lecture1.2
-
Lecture1.3
-
Lecture1.4
-
-
Production Possibilities Frontier 4
-
Lecture2.1
-
Lecture2.2
-
Lecture2.3
-
Lecture2.4
-
-
Trade 3
-
Lecture3.1
-
Lecture3.2
-
Lecture3.3
-
-
Demand 4
-
Lecture4.1
-
Lecture4.2
-
Lecture4.3
-
Lecture4.4
-
-
Supply 2
-
Lecture5.1
-
Lecture5.2
-
-
Equilibrium 4
-
Lecture6.1
-
Lecture6.2
-
Lecture6.3
-
Lecture6.4
-
-
Curve Movements 4
-
Lecture7.1
-
Lecture7.2
-
Lecture7.3
-
Lecture7.4
-
-
Elasticity and Revenue 5
-
Lecture8.1
-
Lecture8.2
-
Lecture8.3
-
Lecture8.4
-
Lecture8.5
-
-
Taxes 7
-
Lecture9.1
-
Lecture9.2
-
Lecture9.3
-
Lecture9.4
-
Lecture9.5
-
Lecture9.6
-
Lecture9.7
-
-
Consumer and Producer Surplus 8
-
Lecture10.1
-
Lecture10.2
-
Lecture10.3
-
Lecture10.4
-
Lecture10.5
-
Lecture10.6
-
Lecture10.7
-
Lecture10.8
-
-
Imports and Exports 4
-
Lecture11.1
-
Lecture11.2
-
Lecture11.3
-
Lecture11.4
-
-
Tariffs 2
-
Lecture12.1
-
Lecture12.2
-
Introduction to Demand
Let’s talk about a hypothetical person Tom. He’s considering buying hamburgers, and his demand is as follows: If the hamburgers are free he’ll take 10 because that’s the most he can fit in his fridge. For every dollar extra it costs he wants one less also. So if they cost one dollar he wants 9 hamburgers, if they cost 2 dollars he wants 8 hamburgers. If they cost 10 dollars then he wants none.
Challenge
Plot out his demand where the y-axis is price, and the x-axis is the quantity demanded.
Prev
Introduction
Next
The Demand Schedule