Unlock the ancient wisdom of "The Oracle of Demand" as we journey through a tale inspired by Greek mythology. Follow Alexios, a merchant in the agora, as he learns the secrets of pricing, elasticity, and consumer behavior through the guidance of the god Hephaestus. From elastic and inelastic demand to the art of shaping value, this story offers timeless lessons for anyone navigating the marketplace.
Through captivating storytelling, discover the principles that shape our buying decisions and the strategies merchants use to create value. Whether you're a student of business, an entrepreneur, or just curious about the psychology of demand, this video will illuminate the intricate dance of price and demand.
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📖 Join the conversation in the comments: What's your take on the elasticity of demand in today's world?
Chapters:
0:00 - Intro: Callias’ Curiosity
0:31 - Visit to Master Ethikos
1:03 - The Tale Begins
1:11 - Scene I: Alexios' Dream
2:03 - Scene II: The Mysteries of Demand
2:55 - Scene III: The Wisdom of Elasticity
3:13 - Elastic Demand
3:38 - Inelastic Demand
4:04 - Unitary Elasticity
4:31 - Alexios’ Pricing Strategy
5:06 - The Tale Ends
5:27 - Outro: Closing Thoughts
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Disclaimer:
This story is a work of fiction created to explain the concept of Demand Curve, in an engaging and mythological context. While inspired by ancient Greek mythology, the characters and events are purely imaginative and intended for educational purposes.
Keywords:
MBA
Business
Business Education
Educational
Marketing
Demand and pricing
Elasticity of demand
Consumer behavior psychology
Pricing strategies
Business lessons from mythology
Greek mythology in business
Understanding market demand
Elastic vs. inelastic demand
Merchant pricing wisdom
Economics storytelling