The Invisible Supply & Demand in Our Everyday Lives

How supply and demand works? Supply and demand is a fundamental economic phenomenon that dictates many things. It is not limited to economics it can be applied to various aspects of life. So what is supply and demand in economics? How do supply and demand work? What is the supply curve? What is the demand curve? How does supply and demand work? What are the real-life applications of supply and demand? If you want answers to these questions or if you don't know if you want to understand supply and demand. This video is for you. More Vidoes: Should India Be Scared of Trump’s Trade Power?: https://youtu.be/yajGC6Y1Kis Why Surge Pricing Feels Wrong: https://youtu.be/IsHPxh-C0Sw Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS Watch other episodes of The FutureIQ podcast: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v Understand costly signaling: https://youtu.be/0YEBK7eR3Ek Chapters: 00:00 Introduction 01:24 Supply and demand 03:00 The mismatch 07:40 How it applies IRL? 10:00 Sub divisions of supply & demand 11:05 Artificially changing supply & demand 13:17 Where does it not apply? 15:08 Black market 16:00 Uber drivers #futureiq #supplyanddemand