I am a bit late, but Is it possible to visualize an embargo? A complete ban of imports would result in supply shift to where Sw crosses Dk? But I am not sure, since Qdk will not move along the demand curve at all.
This video really helped me out a lot to just go over all the topics as I have an exam tomorrow, thank you so much! A question about the impact on government - can't the govt sell quota licenses to producers to earn some revenue?
because quotas lays down restriction/barriers to the entry of goods in domestic market. Thus, leading to decrease in the supply with already high demand. Hence increasing the price of imports.
Why does supply shift rightwards? After all in microeconomics we learned that supply is ONLY shifted by 5 factors and is not dependent on quantity demanded. Why doesnt the price just adjust to the domestic equilibrium price like what happens in a microeconomic shortage?
I believe there is an error here, producers would produce 0 to Qq after Quota is introduced, imports would be made up of Qq to Qe1, and loss in consumption would be Qe1 to Qdk. I'm not sure if I am right or not, but multiple text books contradict this video, I spent hours trying figure out what was going on ^^
A high quality of video you made. Thank you very much. I was wondering what screening program and the sketchboard software you used to create the video?
WOW. This video was amazing; comprehensive, simple and straigh to the point. The world needs more people like you! Thank you!
This is probably the best video on this I could find, great help, in analyzing in depth what actually matters in an exam relevant structure.
Honestly, the best analysis video on the subject. Thank you so much.
omg ..you have made economics so easy and interesting ..please continue making more such videos ..
Amazing video. i understood the concept within 15 min. my classes cover the same in 60 min. please continue making these :D
I am a bit late, but Is it possible to visualize an embargo? A complete ban of imports would result in supply shift to where Sw crosses Dk? But I am not sure, since Qdk will not move along the demand curve at all.
wich software are you using at?
This video really helped me out a lot to just go over all the topics as I have an exam tomorrow, thank you so much! A question about the impact on government - can't the govt sell quota licenses to producers to earn some revenue?
9:03 is wrong. Foreign producers still take Pw instead of Pq
Exactly how dafuq can the import price increase when its supposed to be constant. Only the domestic price will increase.
foreign producers buy the good at the world price but sell it in the domestic market for the domestic price Pq hence their revenue is (Qq-Qk)*Pq
why my book does not write like that?...
9:03 isnt this incorrect because the import price should remain at Pw? Only the domestic price increases
i think he meant to say that people that import foreign goods have to pay Pq. The foreign producers make Pw.
Watched this video literally around 10 times. Still don't get how imports are then sold at a higher price...
diku
because quotas lays down restriction/barriers to the entry of goods in domestic market. Thus, leading to decrease in the supply with already high demand. Hence increasing the price of imports.
Adel imports are sold at a higher price since the world price increases
ua-cam.com/video/CRJ1CCBbmrk/v-deo.html
@@atharwashah324 the world price does not increase but the local one in order to clear the market, in other words create an equilibrium
Why does supply shift rightwards? After all in microeconomics we learned that supply is ONLY shifted by 5 factors and is not dependent on quantity demanded. Why doesnt the price just adjust to the domestic equilibrium price like what happens in a microeconomic shortage?
I believe there is an error here, producers would produce 0 to Qq after Quota is introduced, imports would be made up of Qq to Qe1, and loss in consumption would be Qe1 to Qdk.
I'm not sure if I am right or not, but multiple text books contradict this video, I spent hours trying figure out what was going on ^^
Yh there are two ways to draw the quota diagram, the one you are mentioning and the one in this video
@@pjotrguffens thank you
ua-cam.com/video/CRJ1CCBbmrk/v-deo.html
ua-cam.com/channels/GAV9RO-qlgjTboIYVA-VEA.html
A high quality of video you made. Thank you very much. I was wondering what screening program and the sketchboard software you used to create the video?
Onenote obviously (for the sketch board software). And I think most computers with Windows or macOS has such a screening function.
what he's writing in is onenote
still useful for me now, keep doing this great job
Jason you are amazing, Thanks!
Truly amazing content.
amazing video! first one i found that actually helped
Very precise and clear!
thank you sm, this Video made it Very clear.
The graph is wrong
thank you you made it very easy for me to understand
good one
man is so underated
Amazing, thank you!
cool sir
Thick black pen..
awesomeeee vidddd！！！！
I finally get it🗿 thank fuck I can finally move on
applesss
i have an apple
i have a pen
ugh
apple-pen
you are talking too fast , thank u btw
Naz Alsakkaf yea..i agree..even i had difficulty in coping..
you can rewind lol
lower playback speed