Exceptions to the Law of Demand

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This lecture is a part of a 1 hour course on Demand & Supply Mechanism and Market Equilibrium.

In this course, I will take you through the heart of Economics - Demand and Supply Mechanism (Determined by Buyers and Sellers ) and we will discuss the following topics :

What is Demand?
Do you demand less when the price of a commodity rises.? Yes..? Think again..!
Law of Demand, Demand Schedule and Demand Curve
Movements and Shifts in Demand Curve
Is your Demand only a function of price?
What is supply?
Law of Supply , Supply Schedule and Supply Curve
Movements and Shifts in Supply Curve
What affects supply of a good in the market?
We, as buyers, want to pay as low a price as possible; sellers, on the other hand, want to charge as high a price as possible, seems like there are opposite interests here, then who gets to decide the price?
How does this price mechanism function?

It is a beginner level course and all the topics and concepts start from scratch, so even if you are not familiar with Economics , you may take this as your first step to understand this powerful subject. Moreover, it is FREE, so what are you waiting for..!

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