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Supply and Demand: Crash Course Economics #4

16581 ratings | 1534753 views
In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
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Text Comments (2008)
dani (2 days ago)
i came here expecting one of the green brothers :(
J Lupus (3 days ago)
Whoa, no thought bubble? Whoa.
Brad Pitt (6 days ago)
I love how the guy stands there awkwardly near the end when she's talking. He just smiles and keeps his finger points touching.
klose king (7 days ago)
i can't concentrate what hill is saying ... i keep getting distracted by her boobs
Leandro Gabriel (11 days ago)
Can a strawberry know? 0:33
Parvati Nair (14 days ago)
I can't get over the fact that she threw away half of that strawberry :(
Kyle Ruiz (14 days ago)
Fu**ing government bailouts. They’re not helping anyone
duragful (15 days ago)
It's kind of a bummer that we have companies that thrive on the social weaknesses of our culture, so people just buy their goods because of the hype around that brand rather than their innovation in their field or something. I don't know if this hinders our economy in some ways but just objectively it seems like it wouldn't help the invisible hand work itself out
Ambar Ghugre (16 days ago)
PLZZZ stop the jokes
Harold Ernest Ott (18 days ago)
Good overview. Whole Foods Market takes one on the chin at 4:42. Ouch!
Yongda Lim (18 days ago)
What if the equilibrium hits zero?
Zaheer Ahmed (27 days ago)
Very nice crash course .. Thanks Adriene and Jacob...
Nino Deluca (1 month ago)
Fire can be privatized, and it has in the past. People paid for fire insurance, or the department asked for payment after they put the fire out. Those were much more efficient than what we have today. You don’t have a right to tax people, and give them services you may think they want, and if the free market functions as well as you say it does, then you should support private fire departments.
justin van (1 month ago)
There are movies on youtube that cost 4-23 dollars. There is almost an unlimited supply of data one could make for little cost. If there limitless supply why is the price not pennies? I was thinking that youtube has to buy the rights to a movie/show, so they make the price high so they don't lose money. Or youtube makes a percentage off a movie sale and the studio says, "we need 2$ per sale" so youtube makes the price 4$ and takes half. The supply could be interpreted as the available places one could get the movie online. If there are thousands of places you could stream the movie from obviously the price would decrease. But if there is only one place the movie is available from they could make the price higher. I remember learning something in math class about finding the optimal price for something by finding out how many people bought it for X price and how many bought it for Y and extrapolating to find what price would maximize profits. I think this is what they're using.
Harrison Sands (1 month ago)
!!Q: If demand for a good is decreased and the entire demand curve shifts to the left. What are the producer of that good's decisions about supply and resource use (in general).
D lansden (1 month ago)
45+100929292012=10092929057
Izaya Fierro (1 month ago)
Why can't emergency services work with the market approach through included fees agreed upon by members of a homeowners association. It would make more sense to me if the emergency businesses competed with each other for contracts to service each neighborhood, the homeowners association compete for favorable renters and buyers and so ultimately the renters and buyers would be able to vote with their dollar on the cheapest, most efficient services these emergency businesses could provide. Why can't a free market operate like that for emergency services?
In my honest opinion, both of the speakers speak way too quickly at times. Maybe slow down a tad?
Varun (1 month ago)
The firefighter joke was really funny! Love this series. Thanks, CrashCourse!
Chicken Wings (1 month ago)
Does anyone want some Chicken Wings
Chicken Wings (1 month ago)
Yes you can all have some Chicken Wings
Chicken Wings (1 month ago)
And me
Chicken Wings (1 month ago)
And me
Chicken Wings (1 month ago)
What about me
Chicken Wings (1 month ago)
Yeah sure
westozziecurry (1 month ago)
i hate school
1irustim (1 month ago)
This partly explains why the US Healthcare system is awful. There is no transparency in cost, so capitalist market theory doesn't really apply
Sly Fox Duke (1 month ago)
STOP IT LADY. AT ONCE
Shahbazali1990 (1 month ago)
Thanks for the 0.75x Youtube
Riski Usada Sp (1 month ago)
Please give me indonesian translation
Arjun S Ramachandran (1 month ago)
Stop speaking so fast! I need to understand and I don't want you regurgitating info
Shante' Janell Dixon (1 month ago)
This crash course gave me a broader prospective on economics. This is very helpful information! Thanks Crash Course!
honestly Idek (1 month ago)
Y'all talk too fast omg
Flabby PigLegs (2 months ago)
Wow economists are uh not funny lol
Stephen (2 months ago)
Glad to see Mark Cuban back at it
yassin farid (2 months ago)
Done
Nadiya Karalash (2 months ago)
Thank you!
1helina1 (2 months ago)
Glad the speed can be turned down on YouTube vids
Doblada :p (2 months ago)
Love it :)
Airdathegamer (2 months ago)
Am I the only one who loves how bonkers Adriene is? It feels like she stuffed her face in a whole table of coke before filming. XD
Jeronimo M (2 months ago)
she yeeted that strawberry
Jeronimo M (7 days ago)
that's actually hilarious man
Bobby Adams (2 months ago)
To Crash Coarse... Economics professors, at Lehigh Carbon Community College, Schnecksville PA. Use these videos in their economics classes.
Veronica Meyer (2 months ago)
THANK YOU!!!
Md M (2 months ago)
Don't exploit people's need in scarcity and stop affecting market by invasions
James Mac777 (3 months ago)
It has become an Internet thing to collect data about people by big companies, such as Google, where they intend to make the people transparent to take advantage of us. Greed and deception goes both ways, because it is a world of predators, not a world of saints.
Brothers Karafuchov (3 months ago)
What causes a curve in the supply and demand lines?
Arief Rakhman (14 days ago)
Brothers Karafuchov, efficiency? economy of scale? Producing a strawberry is more expensive than producing 100 strawberries, 🤔 In demand, advertisements may make people want to buy things they don't need.
Brothers Karafuchov (3 months ago)
Cool belt buckle!
raja aekant (3 months ago)
Add some music to the background and you have your rap song ready!
DMO 4scho (3 months ago)
Until those strawberry farmers just throw away strawberries in the millions to keep the price fixed. Instead of making other things to off set.
Aeonian Sybaritic (3 months ago)
Mrs. Hill sounds like a newscaster. Listen at 3:10 Definitely a newscaster
roothekangaroo (3 months ago)
can you guys explain elasticities ?
William Owen (3 months ago)
Good thing no one has ever been compelled to get a job out of dire need, but instead everyone who has ever worked has done so because they made the voluntary choice to sell their time, free of coercion.
Shavenirl (3 months ago)
showing a graph? probably dont make the graph smaller than your face
Nghia Xuan (3 months ago)
like
X4rrr (3 months ago)
because ... ethics. unfortunately ethics don't just apply to organ donors or emergency services, but also to the families of farmers, producers, manufacturers and all other services.
Juci Shockwave (3 months ago)
What Whole Food store you go to that Strawberries cost $12? The Whole Food store in Coral Gables their organic Strawberries cost $7 per box. It really depends on location. I guess Florida is awesome place for fruitarians.
ray1983able (3 months ago)
Market , Voluntary Exchange, Price Signals , Supply & Demand , Surplus & Shortage , Equilibrium Price & Quantity , Both Supply & Demand can increase & decrease .
nmn bnsl (3 months ago)
Owner of the store values "his" ....... When "she" pays him. Wtf is wrong here. "He" and "man" do for both.
Chris Winter (4 months ago)
They didn't go into luxury goods, where a price increase will trigger more sales. These Veblen goods are being ignored. Then there is the question of subsidizing a good because of the public good. Perhaps the public ceases to eat strawberries, although we know there's a public health benefit. So by stimulating the consumption of strawberries you could be making your population more healthy. There may be a difference between what the public wants (smoking 20 cigarettes a day and flying all over the planet) and what is good for 'm in the short and long term. You stated you won't push a political agenda, but I notice that in certain bits of this series, you just can't help being Americans. :) There is a decided bias towards the free market model. That said, splendid series, really.
New Guy (4 months ago)
5:05 is that Karl Marx in the background ?
C Beaudry (4 months ago)
7:50 so justified economics can be disregarded so long as it's deemed unethical by an appeal to popularity/common sense (or perhaps authority)? If economists are willing to disregard economic logic for the sake of ethics, then shouldn't they present some sound ethical justification?
Saahib Vlog (4 months ago)
For me it's enough for today. I already had enough. Thanks
Peter Miller (4 months ago)
there are no free markets. there never have been.
Iwan Pieterse (4 months ago)
The richest person during the late Roman Republic was Crassus and he got rich by actually charging for firefighting services just like in that joke.
Lulu Bux (4 months ago)
LOVE THIS VID LEARNED SO MUCH :)))) thanks guys
Francisco Castro Richter (4 months ago)
I think this is an excessively idealized picture of how the system works. Jacob said that if you don't like a company's practice, you can just stop buying there. But how easy is that in many cases, for a person of limited resources? If the cost of buying in other place is paying a bigger price and you are relatively poor, aren't you somewhat forced to buy anyway? Moreover, what about a worker who thinks, perhaps with good reason, that his work is undervalued (perhaps massively undervalued) in a company. Is it possible for him to just leave? Are there substantively or even absolutely better alternatives around? Is he able to start his own business without leaving his kids without food or rent unpaid? What about imperfect information and imperfect competition? Our social dynamics do not guarantee that the best products or services take over the market
Gen Valencia (4 months ago)
I like that the playlist is color coordinated
Nic Forster (5 months ago)
I feel like you should have mentioned cartels, monopolies and artificial shortages
Jaeger Supreme (5 months ago)
Ughh.. This video pop up on my feed. I thought it was QM and SnD video
Ngân Lương (5 months ago)
In the intro, Adriane always acts like a foolish student. Like 5 seconds later, she turns out to be the most professional teacher ever!!! It's kinda weird but I love it ^^
Caribbean Girl (5 months ago)
What does the man have to speak so fast
iulian (5 months ago)
that was not a spoiler alert tho....:/
camavita (5 months ago)
I cracked up when they threw shade at Whole Foods, keep up the good work you punk economists!
Mista Prince (5 months ago)
the guy looks like a lightskinned ajit pai........ gettin mad just lookin at him XD XD
Peter Thomas Jones (5 months ago)
is that mark cuban???
Kenny Kumar (5 months ago)
Cliff talks waaaay to fast don't yall think?
姓名名字 (6 months ago)
Cool
Dominic W (6 months ago)
Lady acts like a two year old lol
Joyce Q (6 months ago)
I'm sure this series is saving hundreds of students' lives right before their exams, like me. THANK YOU!!
Claudiu Gradea (6 months ago)
Thank you guys!! Your work is so valuable in our current times.
Caleb Barker (6 months ago)
The argument against a free market for organs is the same argument against a free market for drugs. Though the market isn't a perfect solution it is better than any I know of. Government regulation rarely does what it intends to and often causes other problems.
Kat TheFanEnthusiast (6 months ago)
Sorry y’all, I hate eating strawberries, so am I not a reasonable person? Lol...
Vinita aro (6 months ago)
Very nice video to learn
Chelle Padriga (7 months ago)
That girl is annoying in the beginning lol
luthando myemane (7 months ago)
this is amazing Im from south Africa and this video made me love and understand economics even more thank you
Sir. Boaz Mutatay (7 months ago)
Economics is great! I love it so far.
Ashley E (7 months ago)
Was that office seen with the fire the old icarly set? 😂
Jacob De Luca (7 months ago)
These crash courses have taught me more than what my teacher has taught me this entire year. This is one of the best examples of why schools are just useless, and a waste of time. Thanks for these videos :D
Julie Diana (7 months ago)
I always wonder how Aldi makes money. They pay their workers more, have super low prices, and a lot of the produce goes bad before they can sell it.
Sterling Colley (7 months ago)
I can no longer continue. If there is anyone listening, hear this: I have a demand to end it all. Give me relief, give me a supply for my demand. OH GOD GIVE ME A SUPPLY!¡!!! PLEASE LORD END IT MAKE IT STOP
SlRENN (7 months ago)
It is a very big day for me thanks!
MRJ (7 months ago)
YOU GUYS HONESTLY MAKE MY LIFE EASIER...NO POINT IN GOING TO SCHOOL I THINK..
Sejin Kim (7 months ago)
마씨들은.... 축씨들은... 지씨들은... 시장이 없죠... 통제 민방위 5공화국 안되면 미국 챶는 다는 데.... 아무튼 외치는 것들이 공급 과잉생산 가격표 이 모든 게.... 거짓이라는 데...... 미친년들.....
Sejin Kim (7 months ago)
박정희가 미국 기준이냐???????? 픂..... ㅋㅋ
ejsvifq mabmip (7 months ago)
Supply and Demand is wrong. There is no reason to believe an increased price will decrease the demand. In fact in real world, an increased price would always increase the demand because more people will use that to invest since they can get more money. That is how the bubble economy happens.
Demonic_myst (7 months ago)
Aultruism is vile
Jake Marler (8 months ago)
Awesome content and videos, but I feel these guys talk way to fast, especially for people really trying to absorb and understand the information.
Yueming Zeng (8 months ago)
I am having a test and need 2% more info6
Yueming Zeng (8 months ago)
I think the funniest part was the 911 part
Benjamin Capotosto (8 months ago)
Command economies objective is not to make a profit as they are of the people, by the people, for the people (democracy). Companies only objective is to make a profit and as such will take advantage of the economy and make unfair prices. With government companies you can charge the exact price of the product despite demand. This makes prices cheaper and the economy more efficient. In modern economics monopolies can form and raise extreme prices (Luxottica/diamond market). Letting demand decide pricing ruins the economy and can be extremely unfair.
OverDrive (8 months ago)
nice AC DC belt. ;)
Noah Riera (8 months ago)
fake news
Marco José Rosales (8 months ago)
La traducción de ingles a español es demasiado mala.
Alex C (8 months ago)
Subjective theory of value
Jaeden van der Berg (8 months ago)
What about the demand and supply of planets in a solar system?
Pepper Man (8 months ago)
Byproduct of this course is increased ability to understand light speed spoken English. Especially if its not your native tongue.

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