Supply Basics

Related lectures (32)

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Explores the core principles of demand and supply in economics, including marginal benefit, willingness to pay, and market demand.

Discusses monopsony, labor market dynamics, and various market structures' impact on pricing and production decisions.

Explores price elasticity of supply, production factors, and optimal choices in production.

Analyzes gasoline demand in Switzerland, focusing on price changes and their effects on consumption.

Explores the optimal dispatch of power generation units and the economics of power systems in deregulated environments.

Explores the determinants of supply, surplus, and price responsiveness in the market.

Explores state interventions in markets, focusing on price fixation, taxation, and monopolies.

Covers the calculation of supply elasticity and necessary wage adjustments to increase student labor supply.

Explores the economic impact of innovations, focusing on valuation, consumer surplus, and welfare effects.