Linear Demand Equations - part 1(NEW 2016)

This is an update to the 2012 version of the lesson introducing how to determine an equation for demand using price and quantity data from a demand schedule or a demand curve. In parts 2 and 3 of this lesson we’ll examine how changes in price and the non-price determinants of demand will lead to movements along a demand curve or a change in the ’a’ and ’b’ variables and a shift in demand. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is av