Lecture 2: Applying Supply and Demand
recorded by: Massachusetts Institute of Technology, MIT
published: Dec. 3, 2012, recorded: September 2011, views: 4241
released under terms of: Creative Commons Attribution Non-Commercial Share Alike (CC-BY-NC-SA)
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You may not realize it, but every time you purchase something, you are participating in a market for that good. Some people supply it, and some people—you!—demand it. In this lecture, we will examine how to analyze supply and demand curves and the impact changes in market conditions and government policy can have on market equilibrium.
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