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  • Kathryn Longstaff

    Lesson 8.7.1 Activity 1

    Answer the following questions from the second video on the VLE forum: ​

    1. What does this little girl’s reaction tell you about the market for Fingerlings?​
    2. What part of the market is at play here? Demand? Supply?​

    Now, think about something you have wanted and the factors that affected the market for it. Answer the following questions on the VLE forum:​

    1. Was it a hot item?​
    2. Did you get it?​
    3. Why or why not?​
    4. Were our parents willing to pay the price? Not willing?​
    5. Could you not find it (i.e., shortage)?​
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