Why do prices change?
Have you ever wondered why prices go and up down? 💸💶
📈💰 Join Bettina at the train station to find out how cost, profit and supply and demand affect the price of our train tickets and on-the-go coffee.☕ Our explanations of Basic Economics are first-class, so simply sit back and enjoy the ride! 🚆🎟️
Tune in as Bettina and Karol explain how you come across Basic Economics every day. You’ll discover key economic concepts and how they relate to your life. No textbook answers – we promise!
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⌚ Timestamps
00:00 - 00:36 Intro
00:37 - 01:51 Prices = Cost + Profit
01:52 - 02:21 Prices are affected by supply and demand
02:22 - 02:41 Recap
🔬 Find out more about prices on the ECB’s other channels:
The importance of stable prices:
https://www.ecb.europa.eu/ecb-and-you...
Price stability in unstable times: https://www.ecb.europa.eu/press/tvser...
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Disclaimer
The views expressed in this video do not necessarily reflect those of the ECB. The information presented is:
• of a general nature and not intended to address the specific circumstances of any particular individual or entity;
• sometimes linked to external websites over which the ECB has no control and for which the ECB assumes no responsibility;
• not intended to constitute professional or legal advice.
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