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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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