WEBVTT 99:59:59.999 --> 99:59:59.999 ♪ [music] ♪ 99:59:59.999 --> 99:59:59.999 - [Tyler] Now Socrates -- I actually disagree with him -- 99:59:59.999 --> 99:59:59.999 he said the only true wisdom is in knowing that you know nothing. 99:59:59.999 --> 99:59:59.999 So I'm an economist. 99:59:59.999 --> 99:59:59.999 I'm not a philosopher. 99:59:59.999 --> 99:59:59.999 So what does the economist say? 99:59:59.999 --> 99:59:59.999 The economist does not say that he or she knows nothing. 99:59:59.999 --> 99:59:59.999 The economist says "I know one thing -- 99:59:59.999 --> 99:59:59.999 maybe it's only one thing, but it's one thing." 99:59:59.999 --> 99:59:59.999 And that one thing is 99:59:59.999 --> 99:59:59.999 that the demand curve slopes downward.