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🎊🎊🎊Welcome back to Lecture Highlights🎉🎉🎉; BLOCK 2 explores SUPPLY AND DEMAND to University Level! Rob begins with explaining the origins of the demand curve and how to draw the demand curve on a diagram correctly 📉 using an example of the demand for 🍫 Dairy Milk Chocolate Bars 🍫 Rob explains the link to Marginal Benefit & Marginal Cost and he also links Individual Demand Curves to the Market Demand Curve, which shows the relationship between Price and Quantity Demanded. He also covers the Law of Demand, Income Effects and Substitution Effects. Chapters: 0:00 Welcome Back 1:00 Demand for a Product 1:28 Price and Quantity 2:35 Individual Demand Curve 4:00 Cost Benefit Analysis 5:47 Market Demand 8:25 Market Demand Curve 9:27 Law of Demand 10:10 Substitution Effect 10:50 Income Effect SUBSCRIBE: Make sure you hit LIKE 👍 and click SUBSCRIBE to Lecture Highlights to keep yourself on this textbook free learning journey and access the upcoming highlights as soon as they arrive. AFFILIATE LINKS: AMAZON PRIME: Take advantage of 50% off a 6 month trial of Amazon Prime for Students. Click the link below 👇: http://www.amazon.co.uk/joinstudent?t... PDF EXPERT FOR MAC OS: Create engaging notes for yourself or for your students like we have in this video, click on the link to download PDF Expert for Mac OS 🙌🙌🙌: https://readdle.8kpa2n.net/GjqYMn OUR EQUIPMENT: Camera: Go Pro Hero 5 https://amzn.to/3lScbjv VIDEOS YOU MIGHT LIKE: If you are new to Lecture Highlights, check out the first block in our series: COST BENEFIT ANALYSIS • COST BENEFIT ANALYSIS ECONOMICS: economics... CONTACT US: ❓You can also use our Lecture Highlights Contact Form to ask us a question❓: https://us2.list-manage.com/contact-f... 💌JOIN OUR MAILING LIST💌 - To receive up to date content, courses and more!! https://mailchi.mp/9d20bd45b96a/lectu... Happy Highlighting!!!