Supply and Demand Basics

This video provides a clean and straightforward definition of the laws of supply and demand as well as shortage, surplus, and equilibrium.

Review the concepts of the laws of supply and demand in this video. The instructor also talks about the inverse relationship that exists between supply and demand and begins to introduce the determinants of demand that shift the curve.

Yes, there is a difference. This short video explains it clearly.

This video moves fast as it's again a review of concepts. Listen carefully toward the last half as the instructor talks about determinants that would affect supply - like a drought in the supply of corn - and the impact on the supply curve.

Review in more detail the factors or determinants of supply.