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  3. AP Microeconomics - Q&A: Unit 2 Elasticity & Supply/Demand

ap microeconomics - q&a: unit 2 elasticity & supply/demand

originally streamed in 2020 with Shriya BuragaddaStudent
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Review session answering student questions about AP Microeconomics Unit 2, covering demand, supply, and elasticity concepts. Get clarity on tricky topics like elasticity determinants, the total revenue test, and how to calculate elasticity coefficien ...more

covered in this stream

units
Unit 2 – Supply and Demand
topics
2.1 Demand2.2 Supply2.3 Price Elasticity of Demand2.4 Price Elasticity of Supply2.5 Other Elasticities

timestamps

  • 0:00

    Introduction

  • 1:10

    Session Start

  • 6:12

    Unit 2 Review Overview

  • 6:42

    Demand vs Quantity Demanded

  • 7:44

    Law of Demand

  • 8:47

    Substitution Effect

  • 9:17

    Income Effect

  • 9:48

    Diminishing Marginal Utility

  • 10:51

    Demand Determinants: Income

  • 12:57

    Number of Consumers

  • 13:28

    Price of Related Goods

  • 15:00

    Future Price Expectations

  • 15:33

    Tastes and Preferences

  • 16:36

    Supply Overview

  • 17:06

    Supply vs Quantity Supplied

  • 17:37

    Law of Supply

  • 18:10

    Supply Determinants: Factor Costs

  • 18:42

    Technology and Productivity

  • 19:13

    Government Actions

  • 20:46

    Future Expectations for Supply

  • 21:18

    Number of Producers

  • 21:49

    Price Elasticity of Demand

  • 22:21

    Elasticity Graphs

  • 22:53

    Elasticity Determinants

  • 26:30

    Elasticity Examples

  • 27:00

    Perfectly Elastic/Inelastic

  • 28:30

    Elasticity Coefficient Formula

  • 30:03

    Total Revenue Test

  • 32:07

    Price Elasticity of Supply

  • 32:37

    Supply Elasticity Graphs

  • 33:08

    Supply Elasticity Formula

  • 33:41

    Supply Elasticity Determinants

  • 35:15

    Cross Price Elasticity

  • 38:22

    Income Elasticity

  • 39:57

    Q&A Session

  • 41:48

    Percent Change Formula

  • 42:19

    Practice Problem

  • 46:00

    Graph Labeling Tips

  • 48:06

    Final Q&A Wait

  • 50:24

    Closing Remarks

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social science

āœŠšŸæ ap african american studiesšŸ—³ļø ap comparative government🚜 ap human geographyšŸ’¶ ap macroeconomicsšŸ¤‘ ap microeconomics🧠 ap psychologyšŸ‘©šŸ¾ā€āš–ļø ap us government

english & capstone

āœšŸ½ ap english languagešŸ“š ap english literaturešŸ” ap researchšŸ’¬ ap seminar

arts

šŸŽØ ap art & designšŸ–¼ļø ap art historyšŸŽµ ap music theory

science

🧬 ap biology🧪 ap chemistryā™»ļø ap environmental sciencešŸŽ” ap physics 1🧲 ap physics 2šŸ’” ap physics c: e&māš™ļø ap physics c: mechanics

math & computer science

🧮 ap calculus abā™¾ļø ap calculus bcšŸ“ ap precalculusšŸ“Š ap statisticsšŸ’» ap computer science aāŒØļø ap computer science p

world languages

šŸ‡ØšŸ‡³ ap chinesešŸ‡«šŸ‡· ap frenchšŸ‡©šŸ‡Ŗ ap germanšŸ‡®šŸ‡¹ ap italianšŸ‡ÆšŸ‡µ ap japanesešŸ›ļø ap latinšŸ‡ŖšŸ‡ø ap spanish languagešŸ’ƒšŸ½ ap spanish literature

go beyond AP

high school exams

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honors classes

šŸ¬ honors algebra IIšŸ«€ honors anatomyšŸ‡ honors biologyšŸ‘©šŸ½ā€šŸ”¬ honors chemistryšŸ’² honors economicsšŸ“ honors geometryāš¾ļø honors physicsšŸ“ honors pre-calculusšŸ“Š honors statisticsšŸ—³ļø honors us governmentšŸ‡ŗšŸ‡ø honors us historyšŸŒŽ honors world history

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