The balance of supply and demand is at the heart of how prices are determined. That’s why it’s so important for economists to understand why people buy, why firms produce, and what prices motivate our economic choices.
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Chapters:
0:00 – Introduction
1:28 – The Demand Side of the Market
7:43 – The Supply Side of the Market
10:20 – Finding Market Equilibrium
11:13 – Conclusion
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