The Demand Curve

The Demand Curve

Instructor: Alex Tabarrok, George Mason University

Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we shed

Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we shed light on why people go crazy on Black Friday and, using the demand curve for oil, show how people respond to changes in price.

Download
Options
Translate Practice Questions

Contributed Content (0)

Ask a Question

 
Show 1 Answer (Answer provided by Roman Hardgrave)
user's picture

Hi Ed, yes it is. If you have access to iTunes, that's probably the easiest way to grab the files: https://itunes.apple.com/us/podcast/mruniversity-principles-microeconomi...

If not, you can download the videos individually using the download button below the video.

Let me know if that works for you.

Please register or login to answer a question
 
user's picture
 
user's picture

If your question is economy, then it depends on the market situation of that particular field of business. ( There can be recession or good demand in that particular field. Again depending on the field ). And on a bigger picture if there is recession in the whole economy then it will affect all the businesses even if there is good demand in a particular field, because the sentiments of businesses go down to buy goods as there is a possibility of less sales due to recession. Sometimes 40% of recession is just because of people's state of mind towards it. People tend to do less economic activities and take less risks at the period of recession which overall results into lower gdp / and increase in recession.

Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
 
Please register or login to answer a question
Please register or login to ask a question