VIDEO: Supply and Demand Explained in 5 minutes - GRADE 8-12

Gerard Dericks
Jan 15, 2015
1 min read

Updated: Feb 5

This video explains what economists really mean by 'supply' and 'demand' - not a 'thing' but in fact a relationship - that is customarily depicted graphically. At the end of the video there is also a discussion of the 1970s price controls on gasoline.

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VIDEO: Supply and Demand Explained in 5 minutes - GRADE 8-12

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