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        <title>Supply and Demand： The Force Behind a Cup of Coffee</title>
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        <description>Learn how supply and demand shape pricing in this 6:41 minute video lesson on coffee economics. Supply and demand are the two forces that decide what we produce, buy and consume. Supply refers to the number of things that sellers make at a certain price. Demand refers to how many goods and services consumers buy at a certain price. And if you go out and get a cup of coffee for $3, it's because the two forces met at this price following a phenomenon known as emergent order. COLLABORATORS Script: Jonas Koblin and Jonas Jaquet Artist: Pascal Gaggelli Voice: Mithrilda Coloring: Nalin Editing: Oran Charoenlap Sound Design: Miguel Ojeda Creative Director: Selina Bador Production Assistant: Bianka Proofreading: Susan SOUNDTRACKS Tarantella - Adieu Adieu DIG DEEPER with these top videos, games and resources: Read more about the topic and find lots of additional resources Should prices be allowed to rise freely or should the government restrict prices? Listen in as Munger and EconTalk host Russ Roberts discuss the human side of economics after a catastrophe. Watch the movie American Factory. The documentary takes a thoughtful – and troubling – look at the dynamic between workers and employers in the 21st-century globalized economy. Watch this documentary on YouTube to understand how every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to supply what consumers demand. Richard McKenzie, the author of Why Popcorn Costs So Much at the Movies, talks with EconTalk host Russ Roberts about a wide range of pricing puzzles. SOURCES https://en.wikipedia.org/wiki/Supply_... https://www.econlib.org/library/Topic... https://www.investopedia.com/terms/l/... CLASSROOM EXERCISE Ask your students to search for a Coffee Price Chart and you’ll find a graph showing the price of coffee in US Dollars. Then ask them to find out: What’s the price of one kilogram of coffee today? What do they think are the reasons that have caused the price to fluctuate in the past 5 years? In addition you may challenge them to search for three coffee shops in the neighborhood that charge their customers different prices. Which one sells their coffee expensive and which one cheap? Was that price really set by the owner of the shop, or is it the result of constant changes in supply and demand — and the final price the phenomenon of an emergent order? CHAPTER 00:00 Introduction 00:28 The force of coffee price 01:03 Understanding supply and demand 02:58 Influenced factor 04:11 Emergent order 04:33 Quantity demanded vs demand 05:28 Assignment 05:51 Patron's credits 06:00 Ending Author: Sprouts</description>
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