00:01
Hello, in this video i will be explaining the following.
00:03
So demand and supply curves show how the buyers and sellers blank and the interaction of the buyers and sellers.
00:11
So looking at our supply curves, when you have supply and demand, they normally will look a little like this with the price and then the quantity.
00:33
And basically, they show how buyers and sellers will react to the price and the quantity.
00:47
So the first blank would be respond to price.
01:14
And then the interaction of buyers and sellers, well, if a buyer does not buy a product, the demand for that product decreases.
01:29
Decreases, thus the supply will increase or decrease depending on if they're stocking, if they're going to stock it or not.
01:40
So they could eventually decrease it due to the decreased demand, where the supply will just increase because nobody's buying it...