Supply and Demand

How much is that new video game really worth to you? Find out in this BrainPOP movie, as Tim and Moby introduce you to the fundamental economic theory of supply and demand! Discover how the laws of supply and demand control what we pay for goods and services, and learn how the availability of a product can affect how much people want to buy it. You’ll find out the factors that cause companies to produce more consumer goods, as well as the factors that dissuade consumers from buying them. Using a supply and demand graph, Tim will also explain how suppliers deal with surpluses and shortages, and what happens when demand for a product shifts. Finally, you’ll learn why economists get so worked up about the equilibrium point! Feel like buying something?

Learn More:

What is supply and demand?

What is economics?

What is scarcity?