Principles of Economics: Microeconomics - The Demand Curve

Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we shed light on why people go crazy on Black Friday and, using the demand curve for oil, show how people respond to changes in price. ***TEACHER RESOURCES*** Supply and Demand 5-day HS unit plan: https://mru.io/euq Law of Demand 45 minute lesson plan: https://mru.io/law-demand-f6555 Assessment questions: https://mru.io/principles-85913 Econ In the News, a free weekly email of class-ready news articles: https://learn.mru.org/econ-news/ More high school teacher resources: https://mru.io/high-school-157d2 More professor resources: https://mru.io/university-teaching-2b2bf ***CONTINUE LEARNING*** Next video—The Supply Curve: https://mru.io/supply-curve-82a56 Practice questions: https://mru.io/demand-curve-070dc Full Microeconomics course: https://mru.io/ahr An edit at 1:41 - As the price goes down, the quantity demanded increases, not quantity. 00:00 The Demand Curve 00:30 Low prices on Black Friday – What happens? 01:14 Demand Curve for Oil 01:50 High Value Uses 02:11 Low Value Uses