Mr. Clifford explains the law of demand, these substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. Make sure to subscribe.
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*Note* This video is not eligible to win the competition, My daughter will have to wait until she actually takes econ and makes the video herself without so much help from Daddy :)
2014 AP Economics Music Video Competition submission from John Ostick's House of Studies. Created by: Zach O'Neill, Tommy Ferrari, Pearse Hobson, Drew Barrar, and John Monday