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hey Internet this is Jacob Clifford and welcome to my youtube channel when you first learn economics your teachers gonna throw all sorts of stuff at you it gets pretty confusing but you put it all together it starts making a lot more sense but the time you get to elasticity you start to get overwhelmed oh remember I made this video to summarize all the key concepts to get them back in your brain so if you havent already watched my last dissident video and my elasticity practice video go watch those first then come back and watch this video because in this one Im going to summarize everything and then give you a resource at the very end thats gonna help you practice so youve already learned the law of demand the idea theres an inverse relationship between price and quantity showing you a downward sloping demand curve and youve already learned the law of supply showing you a direct relationship between price and the quantity supplied showing you an upward sloping supply curve the w
