Lesson 8.7.1 Activity 1
Answer the following questions from the second video on the VLE forum: ​
- What does this little girl’s reaction tell you about the market for Fingerlings?​
- 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:​
- Was it a hot item?​
- Did you get it?​
- Why or why not?​
- Were our parents willing to pay the price? Not willing?​
- Could you not find it (i.e., shortage)?​