This video goes over the 4 steps necessary to solve for equilibrium price and quantity in common economic and microeconomic problems. These 4 steps involve finding the demand and supply equations, setting each equal to quantity which allows you to set them equal to each other. This means that you are left with one equation and one unknown. The unknown will be the price variable and once you solve for this you will be able to plug it into either quantity equation in order to solve for market equilibrium.
More informaiton on this topic is available at http://www.freeeconhelp.com/2011/09/how-to-find-equilibrium-price-and.html

Views: 408004
Free Econ Help

Tutorial on how to solve for quantity demanded and quantity supplied using equations (algebra) used in economics class. Demonstration on how to determine equilibrium price and quantity (or market price and market quantity) and points on the demand and supply curves.
Like us on: http://www.facebook.com/PartyMoreStudyLess
Related Video: "How to calculate Inverse Supply and Inverse Demand http://www.youtube.com/watch?v=cHq3CBLAB-o

Views: 331589
Economicsfun

This video goes over the process for finding the new equilibrium price and quantity after a shift occurs in the demand curve, the supply curve or both. More information on this topic can be found at http://www.freeeconhelp.com/2012/03/solving-for-equilibrium-price-and.html

Views: 20351
Free Econ Help

This video lesson demonstrates how to find the equilibrium price and quantity for a product when given the demand and supply equations for the product.

Views: 106893
Jason Welker

Now that you've mastered demand and supply equations, it's time to put them together to determine the equilibrium price and quantity in a market! This less shows you how to solve for equilibrium price and quantity using linear demand and supply equations.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

Views: 51854
Jason Welker

CA CPT Economics/ Foundation:- Determination Of Equilibrium Price And Equilibrium Quantity

Views: 4763
CA Kapil Goyal - Audit Discussion

In this lesson, we investigate how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. At equilibrium, the price is stable and gains from trade are maximized. When the price is not at equilibrium, a shortage or a surplus occurs. The equilibrium price is the result of competition amongst buyers and sellers.
Microeconomics Course: http://bit.ly/20VablY
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Views: 350570
Marginal Revolution University

Previously we looked at what happens to the equilibrium price and quantity in a market if supply or demand changed. In this video, we explore what happens when BOTH supply and demand are changing at the same time.
View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/market-equilibrium-disequilibrium-and-changes-in-equilibrium/v/changes-in-equilibrium-price-and-quantity-when-supply-and-demand-change-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics
AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!
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Views: 18692
Khan Academy

Equilibrium price and quantity for supply and demand
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/changes-in-market-equilibrium?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/long-term-supply-curve-1?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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Views: 868330
Khan Academy

Do you know what is Equilibrium?
If you don't then here is the perfect video for you.
We are going to learn the meaning of equilibrium and along with that we will learn what is equilibrium quantity and equilibrium price. This is another important topic of Economics. Make sure to watch it and let me know in the comments what other topics do you want me to cover. Thank you.
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Hey there, Thank you for joining our little nerd family. I am an Undergraduate student and I post these little teach + study videos in Urdu on YouTube. I try to post all the topics from all the subjects that I am studying in my under-graduation. Videos might not be perfect but they do convey the knowledge . So, If you want to keep on watching my videos then Subscribe.
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Views: 437
Schooling Ruling

This video shows how to find the equilibrium quantity and equilibrium price given the supply and demand function.

Views: 1347
Steve Crow

This is my first video in a series of tutoring videos on basic concepts in economics, business, math, and statistics. If you have any questions or comments please leave them, or if you have a certain topic you would like covered I will try to make a video as soon as possible when you comment.

Views: 59623
tutor717

Calculating Equlibrium Price and Quantity

Views: 1062
jsearcysfc

In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the playlist so make sure that you know how to draw and shift demand and supply before you watching this video.
Please leave a comment and subscribe.
Demand Video
https://www.youtube.com/watch?v=LwLh6ax0zTE
Supply Video
https://www.youtube.com/watch?v=ewPNugIqCUM
Learn it by watching Indiana Jones
https://www.youtube.com/watch?v=RP0j3Lnlazs

Views: 821686
Jacob Clifford

In this video, we learn the basic ideas of supply and demand, and then solve an application problem involving linear functions.
College Algebra homepage: http://webspace.ship.edu/jehamb/calg.html

Views: 90351
James Hamblin

For www.inflateyourmind.com by John Bouman - equilibrium price and quantity

Views: 724
John Bouman

This video goes over the method used to find the equilibrium price and quantity for a monopoly. The mathematical process is explained, and future videos will go over examples.
A monopoly is one type of market structure that is covered in most introductory microeconomics courses. The trick to finding the profit maximizing output for a monopoly is to find the point where marginal revenue equals marginal cost. This point will show you the optimal level of output for the monopoly, then you need to figure out what they can charge for the good by checking the demand curve.
More information on this topic is available at http://www.freeeconhelp.com/2012/03/how-to-find-monopoly-price-and-quantity.html

Views: 63354
Free Econ Help

This video shows how to find the equilibrium price and equilibrium quantity of a good or service mathematically. This can be done by setting the equation for demand and the equation for supply equal to each other and solving for the equilibrium quantity. Once you find the equilibrium quantity you can plug it into one of the equations to find the equilibrium price. The video provides an example to show how the equilibrium price and equilibrium quantity are found using this method.
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Views: 2130
Edspira

Three examples are given showing how to mathematically solve for the equilibrium price and quantity.

Views: 7038
1sportingclays

To buy Full Course Lectures click the following link: https://www.instamojo.com/SudhirSachdeva/
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This video explains Price Determination with the help of Market Demand and Market supply and and determines the Equilibrium level, Equilibrium Price and Equilibrium Quantity. This explains videos helps students understand the impact on equilibrium price and Equilibrium quantity when there is change in either or both of Market supply and Market demand. This video is useful for CA, CS, CMA, B.Com, BBA and Class 11 and 12 students.

Views: 9649
SUDHIR SACHDEVA

Given a demand and supply curve, find the equilibrium price and quantity.

Views: 3924
Dr. Mark Schlatter's Math Videos

Class lecture on how to determine equilibrium price and quantity.

Views: 1923
Brian DeLallo

Tutorial on how to calculate quantity demanded and quantity supplied with a price floor and a price ceilings (supply and demand). This is typically taught in a economics class.
Like us on: http://www.facebook.com/PartyMoreStudyLess

Views: 39487
Economicsfun

This video shows an example of a sales tax and its effect on equilibrium.

Views: 15844
ajecon

This video lesson is for IB Higher Level students or anyone else learning about linear demand and supply equations. We will apply linear equations to calculate the exact impact of an excise tax on cigarettes, determining the new equilibrium price and quantity, and calculating the amount of tax paid by consumers and by producers.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

Views: 42568
Jason Welker

I understand that many people are having problem to calculate this problem and I decided to help out!!
Please subscribe and comments
Sorry this is my first video... :)

Views: 6566
haysquare2008

In this video I use MS Excel 2010 to plot demand curve and supply curve to find equilibrium price and quantity graphically

Views: 37877
Abdullah M. Khan

This video goes over the process of calculating equilibrium price and quantity as well as consumer and producer surplus given an inverse demand function as well a marginal cost function. A tax is also introduced on the consumer. More information about this topic can be found at http://www.freeeconhelp.com/2012/02/calculating-equilibrium-and-surplus.html

Views: 33327
Free Econ Help

This is an update to the 2012 version of the lesson introducing how to determine an equation for demand using price and quantity data from a demand schedule or a demand curve. In parts 2 and 3 of this lesson we'll examine how changes in price and the non-price determinants of demand will lead to movements along a demand curve or a change in the 'a' and 'b' variables and a shift in demand.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

Views: 87763
Jason Welker

This video goes over the math necessary to calculate equilibrium price and quantity as well as the associated consumer and producer surplus when given an inverse demand function and a marginal cost function assuming that we are in a perfectly competitive market.
More information on this topic can be found at http://www.freeeconhelp.com/2012/02/calculating-equilibrium-and-surplus.html
The trick to solving these problems is understanding how to use the demand and supply functions to get the equilibrium values and sketch out the meaningful points on the graph. You are essentially combining two skills:
1) How to find and calculate for market equilibrium price and quantity and
2) How to calculate consumer and producer surplus mathematically.

Views: 39663
Free Econ Help

This movie describes what consumer surplus is, and how to calculate it with various changes in price, demand, and supply. More information can be found at: https://www.freeeconhelp.com/2011/09/what-is-consumer-surplus-and-how-to.html
To summarize consumer surplus is equal to the area underneath the demand curve but above the market price. Another way to think about it is WTP - market price but you have to do this very every possible transaction (hence the triangle). This area can be thought of as the "bonus income" to the consumers because they get to obtain the good or service they desire at a price much lower than their maximum willingness to pay (hence consumer "surplus"). All of them are super lucky and happy--except for one... but it is still a voluntary transaction!
Please comment below, I love when you find something helpful or if you have questions or criticism please feel free to share!
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Below is a summary of the transcript for the video:
:03.310, :07.020
All right this movie is going to go over how to calculate consumer surplus
:07.020, :10.830
And what happens if we have some common changes in Consumer Surplus?
:11.590, :13.179
so first
:13.179, :16.438
consumer Surplus is easily calculated by
:17.619, :23.849
First drawing our typical graph with price and quantity and then measuring out our demand curve
:24.850, :30.930
So in order to calculate consumer Surplus we need this demand curve, and we need some price level
:32.980, :34.440
We'll call it P star
:34.440, :41.460
And then we need to know what this p upper limit is - because we need these numbers in order to calculate
:41.8 , :43.270
Consumer surplus
:43.270, :48.329
So consumer surplus is the difference between what you're willing to pay
:48.610, :54.569
Which is how we construct this demand curve and what you actually have to pay so for each of these
:54.850, :59.399
Consumers that are willing to pay a lot more than the actual price they have to pay
1: .129,1:07.469
So it's that area between the demand curve and the price paid that's going to be our consumer surplus
1:08.140,1:09.909
and
1:09.909,1:16.559
As you can see as long as we have linear demand curves consumer Surplus is going to be a triangle
1:18.640,1:23.430
So you have to know how to calculate the area of a triangle and if you don't I'll tell you it's 1/2
1:24.4 ,1:26.110
base
1:26.110,1:28.110
Times height
1:29.479,1:34.419
so let's go through an example if we're given a
1:35.780,1:38.979
curve so we have our q and p and
1:39.649,1:42.399
Our demand and our price
1:43.369,1:48.519
so what if price is five this upper limit price is 10 and
1:49.310,1:51.519
Our equilibrium quantity is five
1:52.520,1:54.610
Okay, so our formula Says 1/2
1:55.850,2:01.899
Base times height well what's the base here the base goes from 0 to 5?
2:02.720,2:04.720
so our base is 5
2:04.849,2:11.919
What's our height goes from 5 to 10 so our height is also 5 so 5 times 5 is 25?
2:12.799,2:19.209
1/2 times 25 gives us 12.5. So our consumer Surplus would be equal to
2:20.780,2:22.780
12.5
2:23.390,2:29.199
Now let's switch it up a little bit. What if we change we shift this demand curve
2:31.940,2:35.380
So let's say that it now intersects at 8
2:36.980,2:38.980
and
2:39.139,2:44.379
Price is still at 5. So this is our demand curve before
2:46.609,2:48.470
5
2:48.470,2:54. 9
Let's call this 3. This is our demand curve before for some reason it shifts left
2:54.010,2:56.590
And this is our new consumer Surplus
2:57.560,3:03.729
How do we calculate the area of that well it's going to be 1/2 times Base 3
3:04.069,3:07.988
Times Height 3 so our new consumer Surplus is
3:09.139,3:15.039
going to be 4.5. So if they ask us to calculate the difference in Consumer Surplus
3:15.560,3:21.130
It's going to be 12 point 5 minus 4 point 5. What is that going to give us?
3:22.430,3:29.260
8 so really to solve these problems all you have to do is shift that curve know what the values are
3:31.190,3:36.939
Calculate the areas of the triangles and then subtract one from the other to find the difference
3:40.070,3:42.070
you can also
3:42.180,3:45.950
Have a situation where the price increases
3:47.490,3:49.490
So if you have Q and p
3:51.9 ,3:53.9
Let's do 10
3:54.480,3:56.480
That's our demand curve
3:56.910,3:58.910
we have a p of
3:59.310,4:01.110
5P star
4:01.110,4:06.230
Or equilibrium quantity is 5 we know what the area of that is but now let's increase
4:07.050,4:08.220
our
4:08.220,4:09.510
p
4:09.510,4:12.739
Star Star, we'll call it to 7

Views: 307075
Free Econ Help

Solving for equilibrium price and quantity when the demand function is nonlinear

Views: 3649
UNCGEconomics

Determinining equilibriurm price and quantity

Views: 4558
myeconguy

Equilibrium price and quantity from changes in both supply and demand

Views: 7784
Khan Academy

This video shows you how to find the long-run equilibrium price in a perfectly competitive market, in addition to finding the firm's output level, market quantity demanded, and number of firms in the market. A brief review of long-run equilibrium is provided, too.

Views: 34608
1sportingclays

Description of equilibrium price, consumer surplus, producer surplus and social surplus using supply and demand diagrams.

Views: 47180
Andrew Hingston

D=45000-21P and S=15000+9P then equilibrium quantity

Views: 183
Sanket Bhardwaj

PRICE DETERMINATION UNDER PERFECT COMPETITION MARKET
Meaning of Equilibrium, Equilibrium quantity, Equilibrium price, Excess demand, Excess supply explained with schedule and Graph.
A market is in equilibrium when market demand is equal to market supply.
Excess Demand : When market price is less than equilibrium price
Excess supply : when market price is more than equilibrium price
Useful for Economics students in class 12th, CA CPT, CS, CMA, MBA, BBA, B.com other courses.
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PRODUCER EQUILIBRIUM | MR MC APPROACH | IMPERFECT COMPETITION
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https://www.youtube.com/watch?v=KRi_k...
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https://www.youtube.com/watch?v=vqSVc...
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CONSUMER EQUILIBRIUM- FULL CHAPTER VIDEOS
https://www.youtube.com/playlist?list...
PRODUCTION POSSIBILITY CURVE -FULL CHAPTER VIDEOS
https://www.youtube.com/watch?v=sfo1F...
PRICE ELASTICITY OF DEMAND- FULL CHAPTER VIDEOS
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THEORY OF DEMAND- FULL CHAPTER VIDEOS
https://www.youtube.com/watch?v=Xl3g0...
TIPS TO SCORE MORE IN BUSINESS STUDIES
https://www.youtube.com/watch?v=vDsI9...
Cep classes

Views: 2246
CEP Classes

This video shows how to find the market price and quantity when a per-unit subsidy is in place in a market.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
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Views: 15426
jodiecongirl

This video shows the mathematics behind the supply and demand model with taxes.

Views: 27296
1sportingclays

A quick and comprehensive intro to Supply and Demand. We define the demand curve, supply curve and equilibrium price & quantity. We draw a demand and supply curve graph - and figure out why they look like they do. We find equilibrium quantity and equilibrium price. This video targets a student in an introduction to microeconomics class.
•Video 1: Intro to Supply & Demand: http://youtu.be/op70yS_7du8
•Video 2: Shifts to Supply or Demand Cruves: http://youtu.be/es_g3L1kmR8
•Video 3: Shifts in BOTH Supply and Demand: http://youtu.be/EiYbrhFwErI
More Intro to Microeconomics Videos: https://sites.google.com/site/curtiskephart/ta/krugman-wells-microeconomics-solutions
------------------------------------------------------
Video Outline:
A "market" with price and quantity.
Demand Curve 2:00
• The law of demand.
• Increases and Decreases in Demand. 5:30
• Another Video on the topic:
Supply curve.
• The law of supply 9:30
• Increases and decreases in Supply. 11:44
• Another video on this topic
Demand and Supply together. 15:50
• Equilibrium price and quantity supplied and demanded. 16:20
• Forces that tend toward equilibrium. Shortage, 18:15. Surplus 21:20

Views: 347904
economicurtis

In this video lecture we seek to understand what makes equilibrium price and quantity the most efficient price and quantity combination in a competitive market. Economic efficiency is defined, and we examine the effect on efficiency of any quantity of output less than or greater than the equilibrium quantity, at which marginal benefit equals marginal cost.

Views: 49925
Jason Welker