You have a real talent of explaining things that is rare. Lecturers in a lot of places don't give a **** about even attempting to explain simple things in a simple manner. Keep up the good job I will follow you! Thanks.
Sir i have a question , if there is excess demand at a lower price , wouldnt producers make more of a product instead of increasing price ? as they want to maintain that level of demand ?
@calcpost3641 remember the supply curve represents the quantities supplied for any prices the producer is WILLING and ABLE to supply at. So at that lower price there is excess demand shown in the graph Dal drew above. If the producer made more at that prices, he would be out of his supply curve and profit will be at jeopardy. We assume costs of production remain constant during all of this (Ceteris paribus), if the costs of production changed (e.g. capital more efficient so supply curve shifts to the right) then, what your suggesting, could work. However with our assumption, the only option for the supplier would be to increase prices.
why is the distance between a and b excess supply. Isn't it the distance from the equilibrium point to the point at a or b? Edit: I realise now that there is 2 lines representing two different things I understand now one is showing low demand and the other high supply Edit of the Edit: But what I dont understand is why is it the distance between the points that is excess supply surely isn't it the distance from the equilibrium point?
Emmanuel Knight the equilibrium point shows where you would want the point to be however Qd and Qs shows where they actually are in this scenario, the equilibrium point is in the middle of both, hence why it is from Qd to Qs and not from Q1
Love how you are so hyped when saying 'Arsi'
he's hyped about every memory device
Yh it Acc helps me remember lol
You have a real talent of explaining things that is rare. Lecturers in a lot of places don't give a **** about even attempting to explain simple things in a simple manner. Keep up the good job I will follow you! Thanks.
Vegas Astras 👍🏻👍🏻👌🏻 that’s true
so true bro
This guy should handle the finances of a country.
Honestly―so many problems will be eradicated.
I have never understood many things in economics a level until watching your videos.
5 years later and it still helps !!! Thank u
I never knew tej lalvani was job shadowing as an econ teacher. Love the helpful video
Love how you color code the lesson as it helps me to understand and to comprehend the lessons. So thank you for these videos!
dal for chancellor of the exchequer
Nah thorneycroft
+1
💀💀😭
Facts
youuuu areee saving my GCSEs THANKYOU!
gcse economics???? tf
Dal for Prime Minister hope this helps.
Thanks, your mnemonics are very useful!
Wow sir you are amazing! This made me understand everything, thank you kind sir
Very well explained, thank you
sal using the term 'milk it' never ceases to amuse me
dal for governor of bank of England
Thank you, my friend, this has taught me many things
In fact it is easier to memorise "SIRA" instead "ARSI" since it also tells the order.
my friends name is isra so I remember it like that 🤣
this is rlly the way I remember it
im such a big fan
love u
dal is our lord and saviour
hahahahahahhahha so true bro ahahahahaha lol rofl lmao ahhhhhhhhh
if i ace my exam tomorrow it'd be all thanks to these videos T-T
Mahnoor Zia did u
No?
omg thank you!!! you're so helpful!!!!! your channel was recommended by two of my classmates and yes, you're so amazing!! thanks!
I have one doubt.Why does ARSI only work in free-market economy. The companies can do this with the government as well right?
Savior for my IGCSE, IB
Well explained. Thank you
This is just brilliant
you are a god
econ king !!
You are a God
Are you going to make new videos for all of micro?
Very helpful thanks bro
Excellent.
this is amazing
is this price determination? 1.2.6 in the edexcel spec
Yeah
Sir i have a question , if there is excess demand at a lower price , wouldnt producers make more of a product instead of increasing price ? as they want to maintain that level of demand ?
I agree with you, however he mentioned that having excess demand means supply cant keep up with demand so it will be a disadvantage.
@calcpost3641 remember the supply curve represents the quantities supplied for any prices the producer is WILLING and ABLE to supply at. So at that lower price there is excess demand shown in the graph Dal drew above. If the producer made more at that prices, he would be out of his supply curve and profit will be at jeopardy. We assume costs of production remain constant during all of this (Ceteris paribus), if the costs of production changed (e.g. capital more efficient so supply curve shifts to the right) then, what your suggesting, could work. However with our assumption, the only option for the supplier would be to increase prices.
Thank you sir ❤️
thanks alot
why don't you write it as SIRA? cause then it'll be in order.
Yeah but ARSI is way more fun right?!
EconplusDal lol very true.
arsi means mirror so thats how i remember
great
Thank you so much sir! I was able to understand and enjoy the video, especially due to your enthusiasm! (>~< )
wouldn't it be SIRA in order?
Think Sira is better
Sorry, but what is "arsi" and why is it a good way to remember?..."Pasific" and "Pintswc" were great, thanks.
Наталья Орлова arsi just sounds like the term “arsey” which just means aggy or in a bad mood
because it means mirror, thats how i remember it anyway
why is the distance between a and b excess supply. Isn't it the distance from the equilibrium point to the point at a or b?
Edit: I realise now that there is 2 lines representing two different things I understand now one is showing low demand and the other high supply
Edit of the Edit: But what I dont understand is why is it the distance between the points that is excess supply surely isn't it the distance from the equilibrium point?
Emmanuel Knight the equilibrium point shows where you would want the point to be however Qd and Qs shows where they actually are in this scenario, the equilibrium point is in the middle of both, hence why it is from Qd to Qs and not from Q1
Is that line supposed to be slanted
P2 on the lower graph is not, purely just a freehand drawing error
ohh ok
i milked it
Why don't you write it as "SIRA"? Cause it is in better order right.
i was thinking about that too
shut up
dont tell a god he is bad econ plus is my daddddddddddy bi dadddddy
cause arsi means mirror so its easier to remember
im only focused to his accent
Chalabaga chebhuthuaru kani Naku artham avadam ledu
why cant he be my teacher
Sr I'm rekvist to you Naku English lo me naramal language lo chepandi. T/M medium baygrand
Very well explained, thank you