[Kathryn Longstaff]

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)?​