00:01
So here we're going to do some market analysis.
00:03
And the market is, of course, a story, as always, about quantity and price.
00:11
We have a downward sloping demand curve.
00:13
We have an upward sloping supply curve.
00:16
And we're going to have two things, right? the first thing that is going to happen is that demand is increasing, right? demand is increasing.
00:25
So we've got an increase in demand.
00:27
People are willing to pay more for this product.
00:31
So demand increases.
00:32
We started here.
00:35
And now the second part of this story is that we have a supply decrease, right? so people are unable to bring as much to market.
00:43
There's a decrease in supply...