Welcome to the extension of our third lesson,
Supply.
If you’ve missed it, you are highly recommended
to watch it and come back.
I’m William, and today we talk about an
unusual Supply in a fun, fulfilling, and inspiring
way, cause that’s how learning should be.
Do you still remember the law of supply?
I bet you do, cuz its a law, and you don’t
forget laws like that.
Like the law of gravitation, but then again,
we defy this law over and over again when
we’re in love.
Remember the song from Jason Mraz?
'When you love someone, your feet can’t
feel the ground.'
Anyway, the law states that the higher the
price, the higher the quantity supplied, ceteris
paribus.
There are goods, however, that do not follow
the law of supply.
For example, when you head to a hockey game
at the Staples Centre, LA, and the Kings are
playing the, let’s say, Montreal Canadiens.
The capacity of the Staples Centre is 18,230
for a hockey game and it could only accommodate
that many fans however expensive the tickets
are.
We don’t care if the Kings are playing the
Penguins or the Sharks, or the Golden Knights
who just eliminated them and, my oh my, are
still going in the playoffs, the arena only
entertains 18,230 fans.
The higher or the lower the price, the quantity
supplied is still fixed.
Well, I might as well introduce a legend in
the game of hockey to end today’s video,
No.99, the great one, Wayne Gretzky.
He said, “You miss 100 percent of the shots
you never take.”
Whatever you’re dreaming of, do it.
You dream while you sleep, but when you’re
done dreaming, try waking up and making your
dreams a reality.
Don’t keep saying your dream out and not
following through, just make them part of
your life and achieve them!
Never quit.
As always, please comment, like, and subscribe,
and until next time, remember, when there’s
a will, there’s a way.
I’m William, and I will see you soon!
