This video is part 1 in a 2 part series on the algebra of comparative statics, which is the analysis of changes in economic equilibrium. This video goes through examples of the quantititative change in price and quantity as the result of an increase in demand and then as the result of a decrease in supply. For more information and a complete set of microeconomics videos, see http://www.economistsdoitwithmodels.com/microeconomics-101 by Economists Do It With Models
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