Intro to demand, normal goods, inferior goods, and substitutes vs complements

📝 My Notes

Auto-saves the current timestamp

Intro to demand, normal goods, inferior goods, and substitutes vs complements

8:39

About this lesson

Demand & Goods Overview:
Demand & Goods Terminology
  • What it means to demand
  • Types of Goods

Key Moments

No key moments available.

Video 1 of 10

Intro to demand, normal goods, inferior goods, and substitutes vs complements

9 min

• Selected

Law of Demand, demand curve equation, and why the slope is negative

6 min

Reasons why the demand curve shifts left or right

9 min

Identifying perfect substitutes from types of goods

2 min

Income increase and instant coffee as an inferior good

2 min

Price change effect on demand vs quantity demanded for apples

4 min

Graphing a curved demand curve for chocolate from a table

5 min

Solving for price and quantity demanded using the demand curve equation

3 min

How a 20% income increase shifts demand for cheap vs expensive clothes

4 min

Demand curve shifts: rightward for increase, leftward for decrease

2 min