Note: This is the fifth post in a weekly video series on basic microeconomics.
In a previous post we looked at how to understand the demand curve. In this video, we take a closer look by examining how to read the demand curve, how demand curves shift, and consumer surplus. And in the one posted below, we look at some important factors that shift the demand curve, such as changes in population, changes in income, prices of substitutes, and changes in taste.
(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)
Previous in series: How markets discover the equilibrium price
