Interaction of demand and supply and market equilibrium and disequilibrium

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Market equilibrium

This video will teach you how to graph market equilibrium, understand market disequilibrium and demonstrate a shortage and a surplus graphically.

Changes in equilibrium: shifts of demand and supply

This video will teach you how to graph market equilibrium, understand market disequilibrium and demonstrate a shortage and a surplus graphically.

Joint and alternative demand

This video explores what is meant by joint and alternative demand and how market equilibrium is impacted by the change in the price of a substitute or complement.

Joint supply

This video explores how the supply of products in joint supply impact one another.

The functions of the price mechanism

This video discusses the price mechanism, how price serves as a signal, how price transmits preferences and how price serves to ration goods and services.

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