Econ 2.4 Supply and Demand Curves (Old Version)- ACDC Econ

The video tutorial covers key economic concepts, focusing on demand and supply. It explains the law of demand, highlighting the inverse relationship between price and quantity demanded. The video discusses factors affecting demand, such as the substitution effect, income effect, and diminishing marginal utility. It then introduces the concept of supply, explaining the law of supply and how price changes affect quantity supplied. The tutorial concludes with a discussion on the trade-off between labor and leisure, impacting supply decisions.

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