Y1 10) Price Elasticity of Demand - PED
Y1 10) Price Elasticity of Demand - PED. A video covering everything you need to know about Price Elasticity of Demand (PED)
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The big Daddy of economics himself
@rajinhossain9522
3 жыл бұрын
no way why you on here mate :)
@stephencastillo
3 жыл бұрын
see, this is why Dal doesnt respond to any of his social media anymore
@karunmailoo5023
2 жыл бұрын
🤣
@deeshan2008
Жыл бұрын
who said only of economics 😏😏😼
@mahmoudsaad2421
Жыл бұрын
lol
I love how excited he gets about memory devices
@moibu7673
Ай бұрын
are you gay
the way he gets excited over economics is so cute
@monsterheh8275
2 жыл бұрын
Get a life
@kylejulius9596
2 жыл бұрын
Agreed… it is cute
My Economics teacher was simping over you a few weeks ago.
@clairehenderson9626
3 жыл бұрын
same bro same
@EternalShadow1667
3 жыл бұрын
I mean, who can blame them. I think everyone watching Econplusdal simps over him
'Give that man a knighthood'.
Thanks vikkstar!
@Mubzzzzz
5 жыл бұрын
lol
@DavolafShorts
3 жыл бұрын
Why u gotta do him dirty like that! He's saving my a levels xD
@rishabh5750
3 жыл бұрын
LMAOO
I’m literally in love with you I’ve missed four weeks of A level lessons due to COVID right at the very beginning, and I had never done economics before this and so your easy to understand videos are saving my ass thank you so much
@monsterheh8275
2 жыл бұрын
Hoped you failed 🙏🙏🙏
@tianasvint4968
2 жыл бұрын
@@monsterheh8275 huh??😭
I remember PED as “QPR” as in the football club. This way PED=Q/Pr
@chillmatic1593
3 жыл бұрын
legend
@sadiaramzan3621
Ай бұрын
Dammmmn
ngl I am in first year in uni and this man has saved me hours of reading for business economics foundations
I'm at uni now thanks to you I don't even care I'm still gonna watch some videos
“YOU QUEUE BEFORE YOU PEE” GOD YOU SAVED ME EXAM THANK YOU LEGEND
This guy is gonna help me get an A in Economics mad work my G
@abdirahmanmumin
Жыл бұрын
Did u get that A
Sir you're an angel , your lectures are so comprehensive and your techniques are so easy to learn thank you so much honestly I would be failing economics rn ❤️😭🙏
When econ plus dal uploads a video 😍😍😍
Thank you!!!! Missed two months of school and really needed this!!!!
Thank you for sharing your knowledge and teaching so perfectly.
how did i understand this more than being taught in person, thank you so much!
Your wife is a lucky man.
@arulgk9673
4 жыл бұрын
U forgot the comma between lucky and man. It sounds so wrong now.
@georgebrand9325
4 жыл бұрын
@@arulgk9673 ‘accident'
@muhammedismail4255
3 жыл бұрын
Man?
@narutokun2386
3 жыл бұрын
Lol
@dannyyyyy6206
3 жыл бұрын
R u ok?😂🤦♂️
So well explained and engrained in the mind: Q before you P!, SPLAT. Brilliant. Thanks for posting.
You said the same thing for both price elasticity as it relates to low or high percentag of income. About 6:20-6:40
@ji9567
3 жыл бұрын
Yea so which one is right?
@lukedevlin5948
3 жыл бұрын
@@ji9567 bigger change in percentage of income will be price elastic
@manav4657
3 жыл бұрын
He's human
@ji9567
3 жыл бұрын
Luke Devlin thanks
@anish7183
3 жыл бұрын
@@manav4657 lol
You've got great energy
Tried to understand this for the last half an hour. Should have just come here right away. You're a hero! Thank you so much for your videos :)
The real economist👌🙌
you sir are a saviour
Good stuff, Very articulate
Love this channel. Queue before you 'p'ee. Witty.
such a clear video and drawing, thank you
This is so good for my Microeconomics module at UNI.
God Bless You.
Thanks so much this is brill
Thank you so much for this video!
Great video, straightened out a lot of question marks for me! Thanks a lot
You've inspired me to pursue economics
hi sir big fan !!!! love from india
Love how u manage to throw around Mnemonics
Thanks. It was a really perfect explanation!!!
@ashokkumarashok4270
6 жыл бұрын
Thanks
great stuff dal
I love this guy for months I've been struggling to calculate % in change in price or demand now it's so clear, especially the graphs !!! Writing my economics test tomorrow
@abimathy5854
4 жыл бұрын
Good luck! How did it go?
@lesley-annjacobs6792
4 жыл бұрын
@@abimathy5854 I have passed my exam !!!!! THANK YOU :D
you have taught me better than my teachers.
sheena kim brought me to u for ap econ 😭 i’m so happy i found you
He is really good in explaining..
Thank you for the help sir
I would appreciate, if you could upload a video on the application of the concepts of elasticity.
love your video
THANK YOU MAN
Thank you!
You’re awesome
Currently binge watching every single daddy dal video to get me the A* 🥰
Couldn't even edge to this, I exploded immediately!!! Clean up on aisle MY PANTS 😅
I literally love this man 🙏
Nice explanation
very helpful
Many thanks.
This makes so much sense now!!
Excelent!
Cheers Bossman
Nice!
Thank you
THANK YOU SMMM I GOT A 78%
thank you
THANKS BRO
sir i think you misspelled at 6:37, it should be inelastic since the smaller proportion the product takes of a person, the more "inelastic" the demand is
I love you, you're the only thing getting me trough my a levels. Ill tell you when I get my A :)
@antonellis2348
4 жыл бұрын
did you get it?
@TaariqSiddik
3 жыл бұрын
What did you get in economics?
@emiliadunne1992
3 жыл бұрын
Taariq Issak 😂 I got my A in 2019, 4 marks off an A*. Thank you econplusdal
@emiliadunne1992
3 жыл бұрын
Anton Ellis yep :) ^
@ji9567
3 жыл бұрын
Emilia Dunne damn congrats dude, what methods did you use to learn how to structure long questions answers e.g chains of reasoning Cos I am struggling on those for both micro and macro.
6 years later im using this to revise
big brain styll
we love u
Just perfect teaching
My G
king
I have a test about this in like 3 hours, as us dutchies would call you: *STRIJDER*
Oh he's good
I got an A* I never could memorise any of the PED numerical values , they are way toooo confusing since they're so similar . don't worry :). Need to know the equations for p3 though (AQA +OCR)
Do you q before you p for every measure of elasticity?
you should be using the midpoint therom
😭thank u very much
Q for queen on the top P for peasant at the bottom
Dal, have you seen Anderton's economics textbook? I think he is referencing you when he slags off 'some people' who think percentage of income is a factor in determining elasticity...screw him anyway, only one God of economics
What happens if you have a question that says sales were at say 500, then sales fell to 400. Then the price was reduced, and sales went up to 510?
@user-sb4th2et8l
2 жыл бұрын
I know it has been 2 years but do you still need help with your question?
4:44 Price Elastic (E>1), but the answer was E
@jabir6219
4 жыл бұрын
You ignore the minus sign
Can you please show full calculations
here before tomorrow’s microeconomics exam
@liyanaj1555
3 жыл бұрын
good luck !!
just remember splat guys
i got positive 10 not negative 10 please help
what about the importance of PED?
Why I dont see before? 😭😭😭 tomorrow I have Midterm
how can a product a product demand decrease and price increase and still generate revenue?
@solomonwestmancott76
4 жыл бұрын
If you sell 100 rather than 110, and the price doubles, you will make much more money
hey
Remember - Q before you P
hi x
hi
Queue before you Pee
He makes my number line hard
wait so the higher the percentage of income it takes, the more price elatic it becomes but the less it takes the more price elastic it becomes?????
@alumi9818
4 жыл бұрын
if smthing costs £1 then a 10% increase means a price of £1.1 likewise if smthing costs £10 then a 10% increase means a price of £11 and you obv can buy more for a £1
can you marry me? you save my IB
Aren't necessities elastic as people will still buy them because they are needed for human survival? Also for addictive isn't it elastic as people will still buy it if they are addicted to it?
@EconplusDal
5 жыл бұрын
Price inelastic demand means that demand is not very responsiveness to a change in price. This is where you are going wrong, therefore in both cases you mentioned, demand would be price inelastic
@tonu529
5 жыл бұрын
@@EconplusDal thanks for the quick response!
Cc
You’re here because you didn’t study
举例不能举好点的?
This whole vid
He is married:(