IGCSE Economics Ch 2.5 | Price Changes Explained (Changes in Demand & Supply)

In this video, I explain Chapter 2.5 – Price Changes for IGCSE Economics. You will learn how changes in demand and supply affect equilibrium price and equilibrium quantity using simple diagrams and real-life examples. We also explore the consequences of price changes when both demand and supply change together, including scenarios where demand increases more than supply and supply increases more than demand. This lesson is designed to make economic concepts easy to understand with diagrams, examples, and step-by-step explanations. ⏰ Timestamps 0:00 Intro 0:19 Price Changes 0:20 The Effect of Changes in Demand 0:50 Effect of Increase in Demand 2:06 Effect of Decrease in Demand 3:09 The Effect of Changes in Supply 3:40 Effect of Increase in Supply 4:45 Effect of Decrease in Supply 5:46 Consequences of Price Changes 5:54 Equal Increase in Demand and Supply 6:58 Demand Increasing More Than Supply 8:02 Supply Increasing More Than Demand 🎯 This video is useful for: IGCSE Economics students Cambridge Economics learners O Level students Students preparing for exams and revision #IGCSEEconomics #EconomicsRevision #PriceChanges #DemandAndSupply #CambridgeIGCSE