The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. D 2. B 3. C 4. E 5. D 6. B 7. C 8. Supply shift to the LEFT. Double check that you labelled EVERYTHING including both supply curves, the demand curve, and the new equilibrium P2 and Q2. Also, make sure that you have an arrow! How to get the Ultimate Review Packet Step 1: Go to: acdcecon.thinkific.com Step 2: Create a free account Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College) Note Teachers- Do not print any of the packet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: www.acdcecon.com/bulk-discount
@@thomashogan1645 C is wrong because if demand decreases, the price would also decrease. D is wrong because if the supply increases, the quantity would also increase. I hope that clarifies question #4.
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
Bless you sir I have an econ finals tomorrow and I just failed my econ midterms. I hope I remember all I reviewed from your videos and hope I can pass this semester!
Demand shifters 1. Tastes and preferences 2. Number of consumers 3. Income 4. Price of related goods 5. Expectations Shifters of supply 1. Price of inputs 2. Number of producers 3. Technology 4. Taxes and Subsidies 5. Expectations
Hi Mr. Clifford God bless you, also thank you for helping all these students who were struggling, with econ Especially me. Monday I have an Exam in econ, after washing your video I understand more econ, thank you so much. The answer is : (A)
Clifford: "there is a zero percent chance that you are gonna get through econ class without having to draw those graphs" 2020 CB: "hold my online exams"
6 is B. Since demand has increased _during_ power outages, passing laws of non-increase in price will result in a shortage, according to the supply and demand. Prices must remain below the equilibrium if this law were passed. 7 is C. If apples are substitute goods of oranges, then the increase in price will result in an increase in demand along with an increase in the equilibrium price, according to the supply and demand graph.
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
Demand shifters 1. Tastes and preferences 2. Number of consumers 3. Income 4. Price of related goods 5. Expectations Supplied of shifters 1. Price of inputs 2. Number of producers 3. Technology 4. Taxes,... 5. Expectation
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
Or at least my GPA. I have a 3.74, but a 78% in my Econ class. Our professor spends 30 minutes out of every class telling us we are losers and failures for going to a Community College... joke is on him. He is so bad he can only teach at a Community College. These videos are finally making Econ makes sense. Hopefully, with the help of these videos I will do better on my second test
The answers to the practice multiple-choice questions are below. Just click on "Read more".
1. D
2. B
3. C
4. E
5. D
6. B
7. C
8. Supply shift to the LEFT. Double check that you labelled EVERYTHING including both supply curves, the demand curve, and the new equilibrium P2 and Q2. Also, make sure that you have an arrow!
How to get the Ultimate Review Packet
Step 1: Go to: acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Note Teachers- Do not print any of the packet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: www.acdcecon.com/bulk-discount
the link is not working!
For #4 I felt like C, D, and E were all correct.
@@thomashogan1645 C is wrong because if demand decreases, the price would also decrease. D is wrong because if the supply increases, the quantity would also increase. I hope that clarifies question #4.
@@isaacong can you help me clarify why A is wrong? thanks!^^
@@consela2011 Which question?
You are honestly a blessing to econ students!! Your enthusiasm for economics is contagious!!
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
fellow hongkonger hello
Bless your soul I have my Econ midterm tomorrow
Update: so I picked the class up two weeks into the semester so I was really behind but thanks to your videos I’m pretty sure I killed that exam ty!
same
@@probablygradysame for me! But my test is tomorrow
Bless you sir I have an econ finals tomorrow and I just failed my econ midterms. I hope I remember all I reviewed from your videos and hope I can pass this semester!
Demand shifters
1. Tastes and preferences
2. Number of consumers
3. Income
4. Price of related goods
5. Expectations
Shifters of supply
1. Price of inputs
2. Number of producers
3. Technology
4. Taxes and Subsidies
5. Expectations
Thank
Cheers
Merci
These videos have taught me more then my professor has in seven weeks to be honest
same XD
Hi Mr. Clifford God bless you, also thank you for helping all these students who were struggling, with econ Especially me. Monday I have an Exam in econ, after washing your video I understand more econ, thank you so much.
The answer is : (A)
the greatest teacher ! Thank you Sir for your passion !
I got 7 correct out of 8 questions...thanks sir...your teaching really works...
BEST ECON CHANNEL! Relying on you to pass my university exams ahhaa. Keep making them videos!
Sir, you made me fall in love with Econ!
Clifford: "there is a zero percent chance that you are gonna get through econ class without having to draw those graphs"
2020 CB: "hold my online exams"
Hahahaha 2021 too
@@jasongross4116 today We will learn lmao ahahaha
You're the best teacher everrrrrrrr
Thanks u so much for this! Had a great grade last year due to ur videos!!
If anyone is looking for the answers, they're actually in the video description
I already watched all three of the supply and demand videos!
thank you so much Mr Clifford just started Economics and you just made it super easy
I can't believe I never thought of Supply and Demand as a pair of scissors before yet, and now I see it, I will never see it the same way again
Thank you soo much Sir 😊 this really helped me in my exam
Could you please do a step by step video of how to figure out the surplus and shortage by numbers?
My main man 💛😍
Sir I love your videos! Keep it up!!
eyyyyy notification squad is here XD
Dude you’re so funny thank you for your videos!
Helped me out alot! very helpful
that is professional and soooo fun yeeeeeah
Interesante vídeo...♫♫
felicidades mi estimado Jacob ...♫♫♫♪♪♪♪
que tengas un feliz fin de semana....♫♪♪♪♪
Are you going to make a gaming channel
Thank you thank you thank you!!!!
What was the answer to question 5?
Isn't the 4th answer c? Correct me if I am wrong. Great video
Why 6 is B?
Hello sir, can you make a quick summary of managerial economics? I need it so much.
1. D
2. B
3. C
4. E
5. D
6. B
7. C
8. Supply shift to the LEFT.
Why question 5 is not E? Also how can it be D?
Because it says what answer is NOT true. In this situation it is answer D
because price doesnt change the demand curve it changes the quantity demanded
@@samahossam5955 yes !
Why 6 is B, I don’t understand.
"That;'s the noise of the Law of Demand" I don't know why but I found that a little funny, we need to have a tiny bit of humor
Can someone please explain why the answer on 7 is C and not A or D? Your answer will be highly appreciated!😊
Where are the answers
First comment
Jacob btw “You” are a legend in Dubai
@@JacobAClifford there's only 9 comments and you arent one
@@JacobAClifford Yeah, the answers are missing...
Maybe they got deleted somehow?
Edit: he actually posted them in the description
@@Doll_ Ok. Look in the description.
The scissors!
got 6 right
i don’t understand how 6 is B. Praying someone sees this and explains ❤
Although our class is only a hour long
1. D
2. B
3. C
4. E
5. D
6. B
7. C
these r my answers but i cant see your coment @Jacob Clifford
On the description box
lol!
D
A
B
B
D
B
C
so he can't really teach us much in the time we have anyway
1 - D
2 - E
3 - C
4 - E
5 - C
6 - C
7 - B.
These can be wrong.
Number 5 is D
siddhartha jain 2-D
@@DiegoRomero-bn2qr The answer to 2 is B, not D. The cost of labor decreases. Therefore, the amount made will increase -- supply increases.
6 is B. Since demand has increased _during_ power outages, passing laws of non-increase in price will result in a shortage, according to the supply and demand. Prices must remain below the equilibrium if this law were passed.
7 is C. If apples are substitute goods of oranges, then the increase in price will result in an increase in demand along with an increase in the equilibrium price, according to the supply and demand graph.
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
Demand shifters
1. Tastes and preferences
2. Number of consumers
3. Income
4. Price of related goods
5. Expectations
Supplied of shifters
1. Price of inputs
2. Number of producers
3. Technology
4. Taxes,...
5. Expectation
where are the answers
Why 6 is B, I don’t understand.
Mr.Clifford, You are saving the world!! I am a student from Hong Kong who are studying economics in university. Your videos definitely helps me a lot to understand the concepts. Thank you so much!!
Or at least my GPA. I have a 3.74, but a 78% in my Econ class. Our professor spends 30 minutes out of every class telling us we are losers and failures for going to a Community College... joke is on him. He is so bad he can only teach at a Community College. These videos are finally making Econ makes sense. Hopefully, with the help of these videos I will do better on my second test