Demand or Quantity Demanded?

As you know there is an important difference between the two.  Demand refers to all prices and quantity demanded is at a particular price.  Here is a short video courtesy of the Khan Academy.


Winter Is Coming, and The Soviet Cupboard Is Bare – Command Economy Vs. Free Market (Round 1)

  • How is the basic economic problem being handled by the use of coupons? Why might this be less successful than money?
  • Does the article demonstrate the failing of the command or free market based solutions to the basic economic problem?


In addition to the above below is a link to Mark Johnston’s econfix blog.  The post highlights the possible negative externalities that have occurred in Berlin with the change in economic systems.

water conservation