Here's Why Supply And Demand Is Overrated!: Sticky Prices

The video explores the fundamental economic concepts of supply and demand, highlighting their limitations in real-world scenarios. It introduces the idea of sticky prices, where prices remain constant despite changes in supply and demand. The video contrasts the efficiency of the stock market with other markets, emphasizing the role of consumer behavior and market dynamics in pricing. It also discusses the complexities of pricing in markets like pharmaceuticals, which deviate from traditional economic models.

Discuss the implications of a market with perfect competition versus one with inefficiencies.

How does the stock market exemplify the concepts of supply and demand?

What challenges do markets for pharmaceuticals face in terms of pricing and competition?