Podcast 33 Supply And Determinants Of Supply

Welcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or service is related to price factor as well as Non Price factors such as price if inputs, technology, expectations and number of sellers.

Podcast 33 Demand Vs Quantity Demanded

Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price.

Podcast 31 Number Of Buyers As A Non Price Determinant Of Demand

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as change in number of buyers.

Podcast 30 Expectation As A Non Price Determinant Of Demand

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as consumer’s expectations.

Podcast 29 Taste As A Non Price Determinant Of Demand

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as consumer’s taste and preference.