4.1. Concept of Demand Part 1 :Economics Grade 9
For the full video series, detailed lesson notes, and exclusive content, click the links below and join our learning community:đđđ https://t.me/kelem_academy_bot https://www.kelemacademy.et/ Welcome to our Economics series! This video is your essential guide to Chapter 4, which focuses on Introduction to Demand and Supply. Understanding these two forces is the key to unlocking how the entire global economy functions. We will explore how buyers and sellers interact to determine the prices of the goods and services we use every day. What You'll Learn Mastering the relationship between demand and supply is the foundation of economic reasoning. By the end of this lesson, you will be able to: Define Demand and explain the Law of Demand, showing why consumers buy more when prices fall. Define Supply and explain the Law of Supply, illustrating why producers offer more when prices rise. Construct and Interpret Graphs for both demand and supply curves, identifying the inverse and direct relationships. Identify Market Equilibrium, the "sweet spot" where the quantity demanded equals the quantity supplied. Analyze Market Imbalances, specifically how surpluses and shortages affect price movements. Differentiate between "Change in Demand" and "Change in Quantity Demanded" to avoid the most common mistake in economics. á¨á¤áŽááááĩ áĩáá ááĩ á°á¨áŗáŗá á á°á á ááŖáŊá! á áá áĒá˛áŽ ááĩáĨáŖ áĩá á¨ááááĩ áĨá á¨á á ááĻáĩ áááĸáĢ (Introduction to Demand and Supply) áĨáááĢáááĸ á¨ááááĩ ááá (Law of Demand) áĨá á¨áá ááááĩ á ááááĩ áá áĢááá á°á áá áĨáá¨áŗáááĸ á¨á á ááĻáĩ ááá (Law of Supply) áĨá á ááĢážáŊ ááá á á¨áá°á áá áĨá áááĩ áá á¨áĨ áĨáá°áááá áĨáááááááĸ á¨áá áĢ áááá (Market Equilibrium)âááááĩá á á ááĻáĩ á¨ááááá áĩá ááĨáĨ áĨá á¨áá áá¨áááĩá áĨáááá¨áŗáááĸ á¨áááĩ áĨáĨá¨áĩ (Shortage) áĨá áĩáá (Surplus) á áá áĢ áá áĨáá´áĩ áĨáá°áá¨á°áą áĨáááĢáááĸ đ Subscribe for more videos covering the entire economics curriculum! Don't forget to Like, Comment with your questions, and Share with your classmates. #Economics #DemandAndSupply #MarketEquilibrium #IntroToEcon #Education #á¤áŽááááĩ #ááááĩ #á á ááĻáĩ #áá áĢ
