Watch the video “Supply and Dance, Man!” (Links to an external site.)
Answer 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?
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