Macroeconomics

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Supply and Demand

Shifting Demand

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1

concept

Shifting Demand - Warning!

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2

concept

Shifting Right and Shifting Left

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3

concept

Consumer Income:Normal Goods and Inferior Goods

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4

example

Consumer Income

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concept

Substitute Goods

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Substitute Goods

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7

concept

Complementary Goods

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8

example

Complementary Goods

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9

concept

Consumer Preferences

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10

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Consumer Preferences

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11

concept

Consumer Expectations

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12

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Consumer Expectations

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13

concept

Number of Consumers

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14

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Number of Consumers

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Demand Shift Summary

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16
Problem

What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?

17
Problem

What happens in the market for beef jerky if customers expect a price increase in the future?

18
Problem

If cheese in a can is an inferior good, what happens to its market when consumer income increases?