Sir, you just got me ready for my final next week in a big way on this exact topic. On point at the highest level.
@Sofia-hs1vu3 жыл бұрын
Hi sir, may you please tell me the mpact of an increase in indirect taxation on the quantity demanded of a good depends on whether it is a normal or inferior good
@asifhussain81684 жыл бұрын
Sir plz made video in case of inferior good when their prices rises
@melisamoen9676 жыл бұрын
great explanation. thank you!
@spacees1234 жыл бұрын
Hi, what if the income decreases as well?
@drakewilliams10dw7 жыл бұрын
Thank you for the lecture
@odinponzi92247 жыл бұрын
Hungry for Apples
@omareldeeb6163 жыл бұрын
good day, I am always finding difficulty knowing where to place the optimal bundle (point B). For example, why would point B not be slightly higher or slightly lower on IC1? In my textbook, point B is between points A and C as opposed to being lower than both of them. So my question is how do we know where to plot point B? Any help would be much much appreciated. Thanks for the wonderful video
@gconomics3766
3 жыл бұрын
In order to show that both the income effect and the substitution effect reduce the demand for good X (apples), B will appear between points A and C in most textbooks.
@omareldeeb616
3 жыл бұрын
@@gconomics3766 thank you
@halifauthman79826 жыл бұрын
Good lecturing
@mikegee24196 жыл бұрын
Thanks sir🤗
@sobiajavaid60646 жыл бұрын
Sir how do we know that which point is best affordable on a budget line?
@gconomics3766
6 жыл бұрын
sobia javaid this analysis enables you to identify the point at which utility is maximised from a given income/budget - we are trying to highlight where utility is maximised as opposed to which basket of goods is most affordable.
@ayeshaquratulain1554 Жыл бұрын
From where can we get this book free online ?
@michaelaustin14696 жыл бұрын
your illustration makes it seem like the income effect outweighs the substitution however in the case of a normal good the sub effect should overpower the negative income effect
@gconomics3766
6 жыл бұрын
Not the case, Both goods are normal, and the income and substitution effects work in the same direction. In other words, when the price of apples increases, both income and substitution effects reduce the consumption of apples.
@michaelaustin1469
6 жыл бұрын
thanks sorry for the delayed response however what is the case for a giffen good
@MahzabinOyshee-hr2kv8 ай бұрын
Bro just saved my life
@zahraakhodabocus42745 жыл бұрын
This really helped me, thank you.
@gconomics3766
5 жыл бұрын
Super!
@suggestmeagoodname87783 жыл бұрын
Great explanation sir, Respect from Nepal
@gconomics3766
3 жыл бұрын
Glad it was useful.
@suggestmeagoodname8778
3 жыл бұрын
@@gconomics3766 I found price effect in case of inferior goods on your channel but not in case of giffen goods. If there is any send me one please . I love your explaination and I can't understand in others.
@gconomics3766
3 жыл бұрын
@@suggestmeagoodname8778 Thanks. I haven't recorded a video for giffen goods. I'll try to record a new one in the coming weeks.
@suggestmeagoodname8778
3 жыл бұрын
@@gconomics3766 Ok sir thankyou
@danielmusonda54663 жыл бұрын
👏👏
@parthk4966 жыл бұрын
Sir but when the price of the apples rises, why BL2 will be drawn inside of Initial BL1??
@gconomics3766
6 жыл бұрын
Parth Khedekar if the price of apples rises then the maximum number you can afford to buy falls.
@parthk496
6 жыл бұрын
Just like in Demand ri8?
@gconomics3766
6 жыл бұрын
Parth Khedekar yes, except it pivots rather than shifts because the price of cola hasn’t changed, therefore, the same amount of cola can still be bought.
@cassiemusongo8824 Жыл бұрын
Thanks a lot
@gconomics3766
Жыл бұрын
No worries!
@vitoscaletta14576 жыл бұрын
that was so helpful but tt sound effect after e video brain washed everything .
@amirahmarday26554 жыл бұрын
Hi sir, can you upload a video for a price increase for a giffen good?
Пікірлер: 42
Sir, you just got me ready for my final next week in a big way on this exact topic. On point at the highest level.
Hi sir, may you please tell me the mpact of an increase in indirect taxation on the quantity demanded of a good depends on whether it is a normal or inferior good
Sir plz made video in case of inferior good when their prices rises
great explanation. thank you!
Hi, what if the income decreases as well?
Thank you for the lecture
Hungry for Apples
good day, I am always finding difficulty knowing where to place the optimal bundle (point B). For example, why would point B not be slightly higher or slightly lower on IC1? In my textbook, point B is between points A and C as opposed to being lower than both of them. So my question is how do we know where to plot point B? Any help would be much much appreciated. Thanks for the wonderful video
@gconomics3766
3 жыл бұрын
In order to show that both the income effect and the substitution effect reduce the demand for good X (apples), B will appear between points A and C in most textbooks.
@omareldeeb616
3 жыл бұрын
@@gconomics3766 thank you
Good lecturing
Thanks sir🤗
Sir how do we know that which point is best affordable on a budget line?
@gconomics3766
6 жыл бұрын
sobia javaid this analysis enables you to identify the point at which utility is maximised from a given income/budget - we are trying to highlight where utility is maximised as opposed to which basket of goods is most affordable.
From where can we get this book free online ?
your illustration makes it seem like the income effect outweighs the substitution however in the case of a normal good the sub effect should overpower the negative income effect
@gconomics3766
6 жыл бұрын
Not the case, Both goods are normal, and the income and substitution effects work in the same direction. In other words, when the price of apples increases, both income and substitution effects reduce the consumption of apples.
@michaelaustin1469
6 жыл бұрын
thanks sorry for the delayed response however what is the case for a giffen good
Bro just saved my life
This really helped me, thank you.
@gconomics3766
5 жыл бұрын
Super!
Great explanation sir, Respect from Nepal
@gconomics3766
3 жыл бұрын
Glad it was useful.
@suggestmeagoodname8778
3 жыл бұрын
@@gconomics3766 I found price effect in case of inferior goods on your channel but not in case of giffen goods. If there is any send me one please . I love your explaination and I can't understand in others.
@gconomics3766
3 жыл бұрын
@@suggestmeagoodname8778 Thanks. I haven't recorded a video for giffen goods. I'll try to record a new one in the coming weeks.
@suggestmeagoodname8778
3 жыл бұрын
@@gconomics3766 Ok sir thankyou
👏👏
Sir but when the price of the apples rises, why BL2 will be drawn inside of Initial BL1??
@gconomics3766
6 жыл бұрын
Parth Khedekar if the price of apples rises then the maximum number you can afford to buy falls.
@parthk496
6 жыл бұрын
Just like in Demand ri8?
@gconomics3766
6 жыл бұрын
Parth Khedekar yes, except it pivots rather than shifts because the price of cola hasn’t changed, therefore, the same amount of cola can still be bought.
Thanks a lot
@gconomics3766
Жыл бұрын
No worries!
that was so helpful but tt sound effect after e video brain washed everything .
Hi sir, can you upload a video for a price increase for a giffen good?
@gconomics3766
4 жыл бұрын
Sure, once lockdown ends.
Can I please have that book
@gconomics3766
Жыл бұрын
It's no longer published.
More clear
@taneahklass6561
6 жыл бұрын
clearer*
u da best!
@gconomics3766
3 жыл бұрын
Glad you find the videos useful.