Supply and Demand is a core economic concept that we’ll need to understand moving forward.
You will watch the video “Supply and Dance, Man!” https://vimeo.com/107621313
As you watch the video, think about the questions listed below.
What is the definition of a market?
What is a market force?
How does the consumer interest in the canes start?
What makes the price go up initially?
What is Kristen and Jonathan’s motivation for ordering more canes?
What are the factors that cause the price of the canes to continue to go up?
What causes the surplus?
How does the surplus affect the cost of the canes?
What are the factors that cause the price of the canes to continue to go down?
What is equilibrium?
Then, you will create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand