The law of supply and demand is often misunderstood and misconstrued, and it has downstream effects for our understanding of economics. In this video, Learn Liberty Basics establishes supply and demand as ever-changing RELATIONSHIPS, not constants. We also lay out some of the early history of our idea of supply and demand. Be sure to check out the Learn Liberty Blog, too! You can read more about the tendency to understand economics as just charts and graphs here: https://www.learnliberty.org/blo

Supply & Demand Lesson for Kids: Definition & Examples

Aggregate Supply: What It Is and How It Works

Draw a supply and demand graph and identify the areas of consumer surplus and producer surplus. Given the demand curve, what impact will an increase in supply have on the amount of consumer surplus shown in your diagram? Explain why. | Numerade

Law of Supply and Demand in Economics: How It Works

Supply & Demand | Graphs, Interpretation & Examples

What Is the Law of Demand in Economics, and How Does It Work?