Market Demand
Roemer's Law of Demand (9/7/2005)
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
Small is beautiful? (9/7/2005)
A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.
A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.
From Seahorses to Viagra (9/3/2005)
Viagra and other similar western impotence remedies might have affected the demand for and prices of traditional substitutes.
Viagra and other similar western impotence remedies might have affected the demand for and prices of traditional substitutes.
Underground Sins (1/14/2006)
High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.
High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.
More Money, More Options (2/25/2000)
Fast food are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.
Fast food are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.
Happy Hogging! (1/16/2006)
Price hikes in anticipation of shortages can lead to re-allocation of scarce resources to higher-valued uses.
Price hikes in anticipation of shortages can lead to re-allocation of scarce resources to higher-valued uses.
Tax Incidence and Elasticity (4/22/2006)
Narrated lecture on the relationship between elasticity and tax incidence using PowerPoint slides.
Narrated lecture on the relationship between elasticity and tax incidence using PowerPoint slides.
Supply and demand (6/23/2006)
Narrated lecture on supply and demand curves and price determination under free market.
Narrated lecture on supply and demand curves and price determination under free market.
Demand elasticity and total revenue (8/5/2006)
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
Complements and Substitutes (9/26/2006)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and Substitutes (transcript) (3/27/2007)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
